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Asian markets trade mostly higher in early deals on Monday

15 Jan 2024 Evaluate
Most of the Asian markets traded higher in early deals on Monday, supported by the risk appetite in the market as the surprise decline in US producer inflation data intensified bets of early Fed interest rate cuts. Escalated conflict in the Red Sea region pushed the commodity rates higher boosting energy stocks. Market sentiments also got boosted as China’s central bank left its medium-term policy loans rate unchanged. Japan’s Nikkei is trading in its 34 year high level as the investors braced Bank of Japan’s ultra-dovish stance and on weak local currency yen. 

Nikkei 225 up by 339.17 points or 0.94% to 35,916.28, , Straits Times rose 9.55 points 0.30% to 3,201.27, Taiwan Weighted enlarged 70.60 points or 0.40% to 17,583.43, Shanghai Composite increased by 9.12 points or 0.32% to 2,891.10 and FTSE Bursa Malaysia KLCI added by 8.67 points or 0.58% to 1,496.01.

On the flip side, Hang Seng down 25.03 points 0.15% to 16,219.55, KOSPI Index narrowed 4.91 points or 0.19% to 2,520.14, and Jakarta Composite dipped by 13.68 points or 0.19% to 7,227.46.

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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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