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Asian markets trade mostly higher in early deals on Wednesday

25 Jan 2023 Evaluate
Most of the Asian markets traded higher in early deals on Wednesday, after recent economic data spurred optimism that Federal Reserve may scaled down the pace of interest rate hikes. While, stock markets of, Hong Kong, Taiwan, and China are closed for Lunar holidays. Nikkei advanced for the fourth straight session tracking BoJ s commitment to keep ultra-lose monetary policy and on improved exports with the weaker local currency yen.

Nikkei 225 up by 117.65 points or 0.43% to 27,416.84, Straight times rose 58.69 points or 1.78% to 3,352.40, and KOSPI enlarged by 31.54 points or 1.32% to 2,426.80,  

On the flip side, Jakarta Composite dipped by 20.73 points or 0.30% to 6,840.12, and FTSE Bursa Malaysia KLCI lower by 4.11 points or 0.27% to 1,500.33.

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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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