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Asian markets settle mostly higher on Wednesday

07 Jun 2023 Evaluate
Asian markets settled mostly higher on Wednesday with the prospect of a pause in the Federal Reserve's interest rate hike cycle next week. Meanwhile, investors awaited cues from US inflation data for directional cues. Wall Street’s overnight gains also helped the Asian markets to trade higher. Chinese shares traded almost flat with positive momentum due to expected stimulus measures to boost growth. But, some gains were capped by disappointed Chinese trade data. However, Japanese shares declined on profit booking.

Asian Indices          

Last Trade            

Change in Points   

Change in %     

Shanghai Composite

3,197.76

2.42

0.08

Hang Seng

19,252.00

152.72

0.79

Jakarta Composite

6,619.76

0.84

0.01

KLSE Composite

1,378.65

-4.52

-0.33

Nikkei 225

31,913.74

-593.04

-1.86

Straits Times

3,179.58

-10.53

-0.33

KOSPI Composite

2,615.60

0.19

0.01

Taiwan Weighted

16,922.48

160.82

0.95



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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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