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Asian markets trade higher in Monday’s morning deals

29 Apr 2013 Evaluate

Asian stock markets are trading in fine fettle in Monday’s morning session ahead of slew of economic data and central bank policy meetings in the euro zone and United States. Sentiments also remained jubilant on expectation that central banks will continue with their loose monetary policy stance. However, the gains remain capped as recent disappointing growth data from the US, China and the euro zone dampened the investors’ sentiments.

Hang Seng rose 20.44 points or 0.09% to 22,568.15, Jakarta Composite increased 9.90 points or 0.20% to 4,988.41, Straits Times added 5.27 points or 0.16% to 3,354.14 and Taiwan Weighted was up by 1.51 points or 0.02% to 8,023.57.

On the flip side, KLSE Composite slipped 0.35 points or 0.02% to 1,710.94 and KOSPI Composite was down by 3.27 points or 0.17% to 1,941.29.

Markets in mainland China and Japan were closed for holidays.

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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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