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Asian markets end mostly higher on Wednesday

28 Jun 2023 Evaluate
Asian markets ended mostly higher on Wednesday tracking Wall Street’s overnight gains on the back of positive US economic data, while investors were awaiting US Fed Chair Jerome Powell's speech at a forum in Portugal due later in the day that could offer clues on future interest rate hikes. Japanese shares gained as a weaker yen boosted investors' confidence. However, Chinese shares ended marginally lower following weak industrial profits data for May. Meanwhile, investors fretted over news that the United States mulling new restrictions on AI chip exports to China.

Asian Indices          

Last Trade            

Change in Points   

Change in %     

Shanghai Composite

3,189.38

-0.06

0.00

Hang Seng

19,172.05

23.92

0.12

Jakarta Composite

--

--

--

KLSE Composite

1,388.37

1.63

0.12

Nikkei 225

33,193.99

655.66

1.98

Straits Times

3,207.28

1.93

0.06

KOSPI Composite

2,564.19

-17.20

-0.67

Taiwan Weighted

16,935.63

47.73

0.28


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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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