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Asian markets trade mostly in green in early deals on Friday

31 Mar 2023 Evaluate
Most of the Asian markets traded in green in early deals on Friday, due to surge in risk appetite as the banking jitters receded and on growing expectations over slashing of interest rate hikes by central banks. Meanwhile, participants awaited for US personal income and spending data due later in the day for more cues of Federal Reserve monetary decisions. Additionally, market sentiments also picked up followed by the news that China’s economic recovery gathered pace in March. Japan’s Nikkei advanced to the highest in three weeks in tandem with strong cues from Wall Street overnight.

Nikkei 225 up 300.90 points or 1.08% to 28,083.83, Straight times added by 6.55 points or 0.20% to 3,263.73, Hang Seng climbed by 171.00 points or 0.83% to 20,480.13, Taiwan higher by 32.83 points or 0.21% to 15,882.26, KOSPI enlarged by 24.35 points or 0.99% to 2,477.51, Shanghai higher 7.06 points or 0.22% to 3,268.31 and FTSE Bursa Malaysia KLCI rose by 0.76 points or 0.05% to 1,425.37.

On the flip side, Jakarta Composite down by 1.09 points or 0.02% to 6,807.86.

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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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