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Asian markets settle mostly higher on Thursday

23 Mar 2023 Evaluate
Asian markets settled mostly higher on Thursday, despite an overnight slump in Wall Street shares after the US Federal Reserve raised rates by 25 basis points and signalled another hike this year to fight against inflation. Following the US Fed's move, the Hong Kong central bank also lifted its benchmark rate by 25 bps to 5.25%. However, Japanese shares fell marginally after Janet Yellen's comments that the Fed’s regulators are not considering a blanket insurance for bank deposits in the United States. Meanwhile, Indonesian market was closed on account of Hindu Saka New Year holiday.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,286.6520.900.64

Hang Seng

20,049.64458.212.29

Jakarta Composite

------

KLSE Composite

1,410.98

-1.06-0.08

Nikkei 225

27,419.61-47.00-0.17

Straits Times

3,219.00-1.98-0.06

KOSPI Composite

2,424.48

7.520.31

Taiwan Weighted

15,863.95103.490.65

About MoneyWorks4Me

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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