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Asian equities trade in fine fettle in early deals

20 May 2013 Evaluate

Most of the Asian equity markets are trading in green in Monday’s morning trade tracking a positive global lead after key US indices notched another record finish on Friday. Japanese markets surged by about one and a half percent after Japanese government upgraded its outlook for the domestic economy in a report released on May 20, 2013. However, South Korean KOSPI dipped into red amid geopolitical concerns after North Korea on Sunday tested another missile.

Shanghai Composite rose 20.32 points or 0.89% to 2,303.19, Hang Seng surged 399.96 points or 1.73% to 23,482.64, Jakarta Composite jumped 54.02 points or 1.05% to 5,199.71, KLSE Composite increased 7.50 points or 0.42% to and Nikkei 225 was up by 220.21 points or 1.45% to 15,358.33.

On the flip side, Straits Times slipped 2.17 points or 0.06% to 3,447.13, KOSPI Composite dipped 0.63 points or 0.03% to 1,986.18 and Taiwan Weighted was down by 9.07 points or 0.11% to 8,359.12.

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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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