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Asian markets trade higher on Tuesday

30 Apr 2013 Evaluate

Most of the Asian equity indices are trading in positive terrain in Tuesday’s morning deals tailing record close on Wall Street. Sentiments also remained higher on hopes for political stability in Italy and expectations for global central banks to continue their growth-supporting monetary stimulus bolstered investors’ risk appetite. However, Japanese Nikkei edged lower in early deals as the yen strengthened and as Fanuc and Honda Motor Co. skidded on disappointing earnings.

Hang Seng rose 181.95 points or 0.81% to 22,762.72, KLSE Composite increased 1.08 points or 0.06% to 1,709.05, Straits Times surged 18.66 points or 0.56% to 3,380.58, KOSPI Composite soared 23.74 points or 1.22% to 1,964.44 and Taiwan Weighted was up by 61.84 points or 0.77% to 8,091.58.

Jakarta Composite declined 14.62 points or 0.29% to 4,985.13 and Nikkei 225 was down by 18.65 points or 0.13% to 13,865.48.

Mainland Chinese markets remained shut for a holiday.

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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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