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Asian markets trade mostly in red in early deals on Tuesday

10 Jan 2023 Evaluate
Most of the Asian markets were trading lower on Tuesday, tracking mixed cues from Wall Street overnight after Fed’s comments that it might hike interest rates to somewhere above 5 percent. Meanwhile, traders are cautiously awaiting US Fed Chair Jerome Powell's speech later in the day and the US December inflation report due on Thursday for additional clues on interest rate direction. However, Japanese shares gained, even as traders awaited the Bank of Japan's policy meeting due next week.

Straight times down 33.87 points or 1.02% to 3,271.80, Hang Seng decreased by 95.60 points or 0.45% to 21,292.74, Jakarta Composite slipped by 101.45 points or 1.52% to 6,586.82, Shanghai curtailed by 6.11 points or 0.19% to 3,169.97, and FTSE Bursa Malaysia KLCI declined by 8.85 points or 0.59% to 1,484.57.

On flip side, Nikkei 225 up by 189.59 points or 0.73% to 26,163.44, Taiwan climbed by 8.70 points or 0.06% to 14,760.91, and KOSPI rose by 4.23 points or 0.18% to 2,354.42.

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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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