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Asian Markets trade higher in early deals of Thursday

13 Jul 2023 Evaluate
Asian Markets traded higher in early deals of Thursday, as the investor sentiments buoyed after the inflation dipped more than expected for the month of June, and renewed hopes that US central bank is nearing to the end of its tightening cycle. Meanwhile, investors closely eyed Chinese trade data to gauge the health of the world’s second-largest economy and the likelihood of further policy support measures from Beijing. HangSeng surged the most among Asian indices, extending winning streak to fourth straight session followed by the optimism after Chinese Premier Li Qiang‘s enterprise supportive comments. Japan’s Nikkei soared, lifted by the rally led by exporters and technology stocks amidst weaker local currency yen.

Nikkei 225 surged 445.59 points or 1.39% to 32,389.52, Straight times rose by 50.72 points or 1.60% to 3,226.08, Hang Seng soared by 469.41 points or 2.43% to 19,330.36, Taiwan added by 237.37 points or 1.40% to 17,199.40, KOSPI higher by 22.02 points or 0.86% to 2,596.74, Shanghai supported by 27.36 points or 0.85% to 3,223.49, and FTSE Bursa Malaysia KLCI widened 1.43 points or 0.10% to 1,399.49. .

On the flip side, Jakarta Composite dipped by 14.30 points or 0.21% to 6,793.91.

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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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