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Asian markets settle mostly higher on Monday

08 May 2023 Evaluate
Asian markets settled mostly higher on Monday ahead to inflation data from the world’s largest economies due this week. Chinese and Hong Kong shares gained by tracking Wall Street's firm finish last Friday. However, Japanese shares declined on renewed concerns over the Japanese yen's sharp rise versus the US dollar. Strong US employment data also added to worries that persisting high inflation might push the US Federal Reserve to raise interest rates further.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,395.00

60.501.78

Hang Seng

20,297.03

247.721.22

Jakarta Composite

6,769.63

-18.00-0.27

KLSE Composite

1,433.74

2.700.19

Nikkei 225

28,949.88

-208.07-0.72

Straits Times

3,257.66

-8.97-0.28

KOSPI Composite

2,513.21

12.270.49

Taiwan Weighted

15,699.57

73.50

0.47


About MoneyWorks4Me

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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