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Asian markets trade mostly higher in Monday's morning deal

22 Apr 2013 Evaluate

Most of the Asian equity indices were in fine fettle in Monday’s morning deals with Japanese Nikkei surging over two percent to nearly five-year highs, after a meeting of global finance leaders lent support to Japan’s aggressive monetary policy. Japan’s central bank governor and finance minister reiterated on Monday that the G20 countries accepted that Japan's monetary easing is not aimed at weakening the yen. However, Chinese shares remained lower by about half a percent after a powerful earthquake struck country’s southwestern province of Sichuan over the weekend.

Hang Seng rose 8.10 points or 0.04% to 22,021.67, Jakarta Composite increased 2.50 points or 0.05% to 5,000.96, Nikkei 225 surged 269.11 points or 2.02% to 13,585.59, Straits Times jumped 4.35 points or 0.13% to 3,298.40, KOSPI Composite added 14.84 points or 0.78% to 1,921.59 and Taiwan Weighted was up by 40.44 points or 0.51% to 7,971.24.

On the flip side, Shanghai Composite declined 9.32 points or 0.42% to 2,235.32 and KLSE Composite was down by 0.18 points or 0.01% to 1,706.08.

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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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