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Asian markets trade higher in early deals on Friday

14 Apr 2023 Evaluate
Asian markets traded higher in early deals on Friday, kindled by the accelerated bets that Fed is nearing the end of its rapid tightening campaign after March producer price dipped sharply and on rise in unemployment claims. Moreover, optimism over China’s economic recovery with rise in exports due to surge in shipments to the ASEAN countries also boosted market sentiments. Japan’s Nikkei extended winning streak to sixth straight session led by rally in retail sector, while rally in Wall Street overnight also buoyed the index.

Nikkei 225 up 307.04 points or 1.09% to 28,464.01, Straight times added by 8.85 points or 0.27% to 3,303.39, Hang Seng jumped by 27.51 points or 0.14% to 20,371.99, Taiwan higher by 156.24 points or 0.99% to 15,961.00, KOSPI rose by 17.45 points or 0.68% to 2,578.24, Jakarta Composite climbed by 38.23 points or 0.56% to 6,823.83 and Shanghai lifted 11.03 points or 0.33% to 3,329.39.

On the flip side, FTSE Bursa Malaysia KLCI declined by 0.56 points or 0.04% to 1,433.66.

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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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