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Asian markets trade mixed in early deals on Tuesday

12 Sep 2023 Evaluate
Asian markets traded mixed in early deals on Tuesday, due to risk aversion in the market ahead to release of key inflation figures from US, Europe and China later in the week as a gauge global economic health. Investor sentiments got lifted after Chinese government announced plans to reduce the risk weighting it attached to insurance companies’ holdings of blue-chip shares and technology stocks, and kindled more equity investments. Japan’s Nikkei advanced in the session in tandem with the positive trend from global indices overnight followed by news that Federal Reserve is to keep the interest rates unchanged this time. Rally in technological sector stocks buoyed the index further. 

Nikkei 225 up 249.72 points 0.76% to 32,717.48, Hang Seng rose 2.06 points or 0.01% to 18,098.51, Taiwan Weighted lifted 112.83 points or 0.69% to 16,545.78 and Shanghai Composite added by 1.25 points or 0.04% to 3,144.03 

On the flip side, Straits Times down 6.30 points or 0.20% to 3,211.98, KOSPI Index decreased 16.04 points or 0.63% to 2,540.84, Jakarta Composite dipped by 25.91 points or 0.37% to 6,937.48, and FTSE Bursa Malaysia KLCI narrowed 2.59 points or 0.18% to 1,452.45.


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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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