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Asian market trade mixed in early deals on Tuesday

11 Apr 2023 Evaluate

Asian markets were trading mixed in early deals on Tuesday. Chinese shares were underperforming on concerns that tensions across the Taiwan Strait may devolve into any kind of conflict. Taiwan President Tsai Ing-wen said China's military exercises have caused instability in Taiwan and the region and are irresponsible acts for a major country. However, Japan's Nikkei average rallied after the new Bank of Japan (BOJ) Governor Kazuo Ueda vowed to maintain the bank's ultra-loose monetary policy.

Asian markets were trading mixed; Nikkei 225 surged 359.92 points or 1.3% to 27,993.58, Taiwan Weighted added 49.79 points or 0.31% to 15,925.96, KOSPI increased 33.81 points or 1.35% to 2,545.89 and Hang Seng advanced 22.67 points or 0.11% to 20,353.87. On the other hand, Shanghai Composite weakened 11.55 points or 0.35% to 3,303.81, Straits Times fell 3.87 points or 0.12% to 3,290.56 and Jakarta Composite was down by 3.52 points or 0.05% to 6,767.72.

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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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