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Asian markets trade higher in early deals on Wednesday

15 Nov 2023 Evaluate
Asian Markets traded higher in early deals of Wednesday, kindled by the risk appetite in the market after US inflation came in softer than expected.in October bolstering bets of end in Fed interest rate hikes. Market sentiments also got boosted after better than expected retail sales and industrial production in October. Meanwhile, investors closely eyed today’s meeting of US President Joe Biden and Chinese President Xi Jinping at San Francisco. Japan’s Nikkei surged with the positive global indices overnight and on increased foreign inflows with the weaker local currency yen.

Nikkei 225 surged by 755.93 points 2.31% to 33,451.86, Straits Times rose 15.51 points or 0.50% to 3,120.17, Hang Seng soared 491.55 points 2.75% to 17,888.41, Taiwan Weighted up 157.21 points or 0.93 to 17,072.92, KOSPI Index increased 50.87 points or 2.09% to 2,484.12, Jakarta Composite climbed by 104.86 points or 1.53% to 6,966.92, Shanghai Composite hiked by 13.78 points or 0.45% to 3,069.85, and FTSE Bursa Malaysia KLCI added by 8.07 points or 0.56% to 1,459.79.

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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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