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Asian markets trade mostly higher in early deals on Thursday

22 Feb 2024 Evaluate
Asian Markets traded mostly higher in early deals on Thursday, kindled by the technological sector rally followed by upbeat outlook on US chipmaker Nvidia with the ongoing artificial intelligence frenzy. Latest attempt of Chinese authorities to stabilize stock market also encouraged market sentiments. Japan’s Nikkei surged and is hovering near its 34 year high in line with gains in global indices overnight. While, Hang Seng rose or the third session in a row backed by gains from energy, healthcare, and basic materials stocks.

Nikkei 225 up by 636.38 points or 1.66% to 38,898.54, Hang Seng buoyed 24.91 points 0.15% to 16,528.01,Taiwan Weighted lifted 162.26 points or 0.87% to 18,838.57, Jakarta Composite added by 3.31 points or 0.05% to 7,352.33, KOSPI Index widened 10.44 points or 0.39% to 2,663.75, and Shanghai Composite rose by 14.52 points or 0.49% to 2,965.48.

On the flip side, Straits Times slipped 16.43 points 0.15% to 3,200.68, and FTSE Bursa Malaysia KLCI diminished by 6.37 points or 0.41% to 1,546.03.

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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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