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Asian markets trade higher in early deals on Wednesday

30 Aug 2023 Evaluate

Asian markets were trading higher in early deals on Wednesday following the broadly positive cues from global markets overnight, as softer-than-expected consumer sentiment and job openings data, helped ease concerns about interest rates, lifting investor sentiment. Further, Chinese stimulus measures were also aiding market sentiment. The Japanese market was significantly higher with gains in financial and technology stocks.

Hang Seng advanced 109.46 points or 0.59% to 18,593.49, Taiwan Weighted added 112.6 points or 0.67% to 16,736.25, Straits Times rose 4.48 points or 0.14% to 3,227.57, Shanghai Composite strengthened 1.83 points or 0.06% to 3,137.72, Jakarta Composite gained 25.81 points or 0.37% to 6,983.65, KOSPI increased 15.04 points or 0.59% to 2,567.20 and Nikkei 225 surged 221.33 points or 0.68% to 32,448.30. 


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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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