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Asian markets trade mostly higher in early deals on Monday

22 Jan 2024 Evaluate
Most of the Asian markets traded higher in early deals on Monday, kindled by the risk appetite in the market followed by strong corporate earnings results and on technology sector bull-run in Wall Street amidst robust outlook in artificial intelligence. Japan’s Nikkei surged and is trading near its 34 year high rate followed by signs of slowing inflation for a second consecutive month. Additionally, weaker local currency yen and ultra-dovish Bank of Japan monetary policies also encouraged foreign investments. 

Nikkei 225 up by 456.73 points or 1.27% to 36,422.93, Straits Times climbed 4.53 points 0.12% to 3,156.82, Taiwan Weighted lifted 112.30 points or 0.64% to 17,793.82, KOSPI Index buoyed 0.24 points or 0.01% to 2,472.98, and FTSE Bursa Malaysia KLCI added by 5.54 points or 0.37% to 1,491.91

On the flip side, Hang Seng down 330.54 points 2.16% to 14,978.15, Jakarta Composite dipped by 8.65 points or 0.12% to 7,218.75, and Shanghai Composite curtailed by 33.12 points or 1.17% to 2,799.16.

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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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