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Asian markets trade mostly in green in early deals on Monday

03 Apr 2023 Evaluate
Most of the Asian markets traded in green in early deals on Monday, as the risk appetite in the market got kindled after US consumer core price growth sharply dipped supporting bets that Federal Reserve may hold off the interest rate hike at its next meeting in early May. Meanwhile, Crude prices jumped after OPEC+ unexpectedly announced crude output cuts. Stock market of Taiwan is closed for a holiday. Japan’s Nikkei advanced near three week high rate led by the gains in energy, financial and consumer stocks. Meanwhile, Japan’s manufacturing sector dipped in March at PMI score of 49.2.

Nikkei 225 up 162.22 points or 0.58% 28,203.70, Straight times added by 20.81 points or 0.64% to 3,279.71, Jakarta Composite jumped by 11.40 points or 0.17% to 6,816.68, Shanghai Composite rose 18.20 points or 0.55% to 3291.06 and FTSE Bursa Malaysia KLCI rose by 5.13 points or 0.36% to 1,427.72.

On the flip side, Hang Seng down by 120.57 points or 0.59% to 20,279.54, and KOSPI declined by 3.97 points or 0.16% to 2,472.89.

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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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