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Asian markets trade mostly higher in early deals on Wednesday

01 Nov 2023 Evaluate
Most of the Asian markets traded higher in early deals on Wednesday, optimistic approach ahead to FOMC meeting later today lifted market sentiments. The Central bank is widely expected to keep the benchmark interest rate unchanged. Even though, unexpected dip in Chinese manufacturing figures for October limited some investments. Japan’s Nikkei soared higher registering two week high rate buoyed by the surge in foreign inflows as local currency yen fell sharply to 1 year low level.

Nikkei 225 up by 655.75 points 2.12% to 31,514.60, Straits Times rose 6.39 points or 0.21% to 3,074.13, Hang Seng widened 6.64 points or 0.04% to 17,119.12, KOSPI Index increased 20.93 points or 0.92% to 2,298.92, Taiwan Weighted enlarged 35.12 points or 0.22% to 16,036.39, Shanghai Composite higher by 4.87 points or 0.16% to 3,023.64.

On the flip side, Jakarta Composite down by 62.23 points or 0.92% to 6,689.98, and FTSE Bursa Malaysia KLCI narrowed by 3.54  points or 0.25% to 1,438.60.

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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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