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Asian markets trade mix in early deals on Monday

10 Apr 2023 Evaluate

Asian markets were trading mixed in early deals on Monday as investors await a closely watched inflation report as well as the release of minutes of the Fed's March meeting this week for additional clues on the economic and rate outlook. Elsewhere, European Central Bank (ECB) officials indicated another rate hike in May. Meanwhile, as recession worries mount, traders looked ahead to the 2023 Spring Meetings of the World Bank and the International Monetary Fund taking place in Washington D.C. this week for direction.

Asian markets were trading mixed; Nikkei 225 surged 118.1 points or 0.43% to 27,636.41, Taiwan Weighted added 51.38 points or 0.32% to 15,887.88 and KOSPI increased 25.60 points or 1.03% to 2,516.01. On the other hand, Jakarta Composite plunged 45.44 points or 0.67% to 6,747.33, Shanghai Composite weakened 5.48 points or 0.16% to 3,322.17 and Straits Times was down by 5.13 points or 0.16% to 3,295.35.

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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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