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Asian markets trade lower in early deals on Thursday

07 Feb 2013 Evaluate

Most of the Asian equity indices are trading in the red at this point of time. Japanese Nikkei declined by over a percent in a trade on the back of profit booking after last session’s rally. The Chinese market too was down for the first time in the last nine days on concern that the government may accelerate measures to curb property-price gains. The investors too remained sidelined ahead of fresh economic leads from China.

Shanghai Composite declined 31.99 points or 1.31% to 2,402.48, Hang Seng dropped 101.90 points or 0.44% to 23,155.03, Nikkei 225 tumbled 146.16 points or 1.27% to 11,317.59, Straits Times contracted 17.90 points or 0.55% to 3,258.63 and KOSPI Composite was down by 1.41 points or 0.07% to 1,934.78.

On the flip side, Jakarta Composite rose 9.06 points or 0.20% to 4,508.03 and KLSE Composite added 1.92 points or 0.12% to 1,616.06.

Taiwan Weighted is shut for the trade today.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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