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Asian markets settle mostly higher on Wednesday

18 Jan 2023 Evaluate
Asian markets settled mostly higher on Wednesday, with Japanese markets leading regional gains as the yen plunged after the Bank of Japan maintained its ultra-low interest rates, despite data that showed Japan's core machinery orders fell more than expected in November. Chinese shares traded almost flat after experts cautioned that a massive spike in Covid-19 cases and fatalities is expected to hit China post the holiday season. Although, South Korean shares declined driven by growing fears of a potential recession this year.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,224.410.17

0.01

Hang Seng

21,678.00

100.360.46

Jakarta Composite

6,765.79

-1.55-0.02

KLSE Composite

1,495.50

-3.88-0.26

Nikkei 225

26,791.12

652.44

2.44

Straits Times

3,289.55

9.040.27

KOSPI Composite

2,368.32

-11.07-0.47

Taiwan Weighted

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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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