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Asian markets trade mostly higher on Tuesday

02 Apr 2013 Evaluate

Asian markets are trading mostly higher in Tuesday’s morning deals after the Easter break, however, the gains remained capped after unexpectedly weak US factory data raised investor caution ahead of new indicators that could flag falling economic momentum. Meanwhile, South Korean shares were hardly changed, while Japanese stocks slumped as investors rushed to book profits after a stellar first-quarter showing.

Hang Seng rose 3.40 points or 0.02% to 22,303.03, Jakarta Composite jumped 13.11 points or 0.27% to 4,950.69, KLSE Composite increased 6.01 points or 0.36% to 1,673.62, Straits Times added 2.43 points or 0.07% to 3,310.01 and Taiwan Weighted was up by 15.85 points or 0.20% to 7,915.09.

On the flip side, Shanghai Composite decreased 8.50 points or 0.38% to 2,225.89, Nikkei 225 dropped 144.07 points or 1.19% to 11,990.95 and KOSPI Composite was down by 1.84 points or 0.09% to 1,994.15.

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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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