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Asian Markets trade mostly higher in early deals of Monday

28 Aug 2023 Evaluate
Most of the Asian Markets traded higher in early deals of Monday, mirroring positive cues from Wall Street overnight followed by assuring speech by Federal Reserve Chair Jerome Powell on strength of US economy. Additionally, investor confidence also got boosted after China announced new measures over the weekend to boost its capital markets and shore up investor confidence, including halving the stamp duty on stock trading effective today. Japan’s Nikkei soared in the session with the rebound in exports and technological sector stocks. 

Nikkei 225 up 515.91 points or 1.63% to 32,140.19, Straight times rose by 33.44 points or 1.05% to 3,223.32, Hang Seng enlarged by 304.53 points or 1.67% to 18,260.91, Taiwan jumped by 47.52 points or 0.29% to 16,529.10, Jakarta Composite climbed by 15.42 points or 0.22% to 6,910.86, KOSPI lifted by 16.13 points or 0.64% to 2,535.27, and Shanghai surged by 70.37 points or 2.25% to 3,134.44 

On the flip side, FTSE Bursa Malaysia KLCI lower 1.67 points or 0.12% to 1,442.74.

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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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