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Asian markets trade mixed in Wednesday’s morning deals

17 Apr 2013 Evaluate

Asian markets are exhibiting mixed trend in Wednesday’s morning deals, with most of the regional indices paring initial losses after a huge sell-off on Wall Street. Sentiments got some support from US new-home construction data, while traders were spooked by a double bombing that hit the Boston Marathon. Meanwhile, Japanese Nikkei surged by about a percentage point as the yen weakened after the IMF raised the growth forecast for Japan.

Jakarta Composite rose 25.06 points or 0.51% to 4,970.32, KLSE Composite surged 9.83 points or 0.58% to 1,710.36, Nikkei 225 soared 130.71 points or 0.99% to 13,352.15 and Straits Times was up by 3.75 points or 0.11% to 3,295.33.

On the other hand, Shanghai Composite declined 14.14 points or 0.64% to 2,180.70, Hang Seng slipped 10.95 points or 0.05% to 21,661.08, KOSPI Composite dropped 10.49 points or 0.55% to 1,911.72 and Taiwan Weighted was down by 0.81 points or 0.01% to 7,800.24.

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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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