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Asian markets trade higher in early deals on Tuesday

03 Jan 2023 Evaluate
Asian markets traded higher in early deals on Tuesday, with the optimism over global economic recovery followed by the news of subdued COVID outbreaks in China. Some gains remained capped as participants keenly awaited for Federal Reserve’s latest meeting decision and US employment data this week. While, major corporate earnings reports will be out in mid-January, to gauge more on economic health. Japan’s Nikkei remained closed today. Meanwhile, Hong Kong stocks soared high amid Chinese recovery optimism and on technical buying after the index marked its third consecutive yearly loss.

Hang Seng up by 258.83 points or 1.31% to 20,040.24, Taiwan rose by 81.47 points or 0.58% to 14,206.23, Jakarta Composite lifted by 38.34 points or 0.56% to 6,889.32, and Shanghai buoyed by 17.34 points or 0.56% to 3,106.60, 

On flip side, Straight times down by 19.22 points or 0.59 to 3,232.10, KOSPI dipped by 5.51 points or 0.25% to 2,220.16, and FTSE Bursa Malaysia KLCI lower by 18.03 points or 1.21% to 1,477.46.

About MoneyWorks4Me

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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To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

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