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Asian markets settle mostly higher on Thursday

16 Feb 2023 Evaluate
Asian markets settled mostly higher on Thursday, tracking Wall Street gains overnight after stronger-than-expected retail sales data provided more evidence of resilience in the US economy. Japanese shares gained as a weaker yen boosted investors' risk appetite. Hong Kong shares rose after Micheal Burry’s Scion Asset Management fund revealed it had taken positions in Chinese technology giants Alibaba and JD.com. Moreover, affirmations of more stimulus measures from China also boosted market sentiments.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,249.03-31.46-0.97

Hang Seng

20,987.67175.500.84

Jakarta Composite

6,895.66-18.88-0.27

KLSE Composite

1,484.26

-3.93-0.26

Nikkei 225

27,696.44

194.580.70

Straits Times

3,311.2330.410.92

KOSPI Composite

2,475.48

47.581.92

Taiwan Weighted

15,550.50117.610.76

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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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