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Asian markets trade mostly higher on Friday

19 Apr 2013 Evaluate

Most of the Asian equity indices were trading in fine fettle in Friday’s morning session as investors went for the fundamentally strong but oversold stocks. However, the gains remain capped as caution prevailed after a volatile week that began with a broad sharp sell-off, as more soft US economic data and mixed US earnings results sustained worries over global growth.

Shanghai Composite surged 30.02 points or 1.37% to 2,227.62, Hang Seng increased 223.58 points or 1.04% to 21,736.10, Jakarta Composite rose 3.25 points or 0.06% to 5,015.88, Nikkei 225 strengthened 71.89 points or 0.54% to 13,291.96, KOSPI Composite added 4.12 points or 0.22% to 1,904.18 and Taiwan Weighted was up by 121.82 points or 1.56% to 7,913.17.

On the flip side, KLSE Composite declined 3.32 points or 0.19% to 1,702.94 and Straits Times was down by 1.62 points or 0.05% to 3,294.75.

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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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