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Asian Markets trade mostly higher in early deals on Wednesday

28 Jun 2023 Evaluate
Asian Markets traded mostly higher in early deals of Wednesday, as the investors bolstered risk investments after stronger than expected US economic readings boosted economic outlook. Even though, some gains remained capped as participants awaited for more cues on monetary policy and key Chinese economic data. Japan’s Nikkei rebounded after fourth straight sessional losses, as weaker yen boosted profit outlook for the country’s export-heavy industries and made local assets more attractive to foreign investors. Stock market of Indonesia is closed for three day from now for Eid al-Adha today.

Nikkei 225 up 531.12 points or 1.63% to 33,069.45, Straight times rose by 4.37 points or 0.14% to 3,209.72,  Taiwan added by 25.73 points or 0.15% to 1 16,913.63, and FTSE Bursa Malaysia KLCI buoyed by 4.98 points or 0.36% to 1,391.72

Buking the trend, Hang Seng down by 25.79 points or 0.13% to 19,122.34, KOSPI diminished by 19.10 points or 0.74% to 2,562.29,  and Shanghai dipped by 16.60 points or 0.52% to 3,172.84.

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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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