Asian markets settle mostly higher on Monday

17 Apr 2023 Evaluate

Asian markets settled mostly higher on Monday after the Chinese central bank PBoC maintained its medium-term lending rate facility at 2.75%, keeping monetary policy steady ahead of the release of key readings including GDP, industrial production, retail sales, unemployment rate etc. The Chinese economy is expected to grow 4% in the first quarter against 2.9% earlier. Meanwhile, positive earnings updates from the United States also supported sentiment. Hong Kong shares gained despite losses on Wall Street last Friday followed by disappointing US retail sales data and fresh worries about further US Federal Reserve interest rate hikes.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,385.61	47.46	1.40
Hang Seng	20,782.45	343.64	1.65
Jakarta Composite	6,787.58	-30.99	-0.46
KLSE Composite	1,434.90	-0.23	-0.02
Nikkei 225	28,514.78	21.31	0.07
Straits Times	3,319.26	16.60	0.50
KOSPI Composite	2,575.91	4.42	0.17
Taiwan Weighted	15,963.55	34.12	0.21

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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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