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Asian Markets trade higher in early deals on Monday

06 Mar 2023 Evaluate
Asian Markets traded higher in early deals of Monday, as the market sentiment got buoyed by the better than expected recent economic data from China and Europe. Meanwhile, China announced GDP target of 5% this year at the annual National People’s Congress . Moreover, the latest comments from Federal Reserve officials also eased concerns over global economic health. Japan’s Nikkei soared higher mirroring gains in US stocks after sharp bull back in US Treasury Bond yields.

Nikkei up by 325.78 points or 1.17% to 28,258.66, Hang Seng rose by 8.57 points or 0.04% to 20,576.11, , KOSPI lifted by 25.72 points or 1.06% to 2,457.79 , Taiwan gained by 170.90 points or 1.09% to 15,779.32, Jakarta Composite added by 1.67 points or 0.02% to 6,815.31, and FTSE Bursa Malaysia KLCI widened by 0.17 points or 0.01% to 1,453.72.

On the flip side, Straight times fell 5.51 points or 0.17% to 3,226.51, and Shanghai was down by 7.97 points or 0.24% to 3,320.42.

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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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