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Asian markets trade in green in early deals on Monday

18 Mar 2024 Evaluate
Asian markets traded in green in early deals on Monday, with the bargain hunting after recent sell offs amid hawkish signals from the Federal Reserve followed by stronger-than-expected US inflation numbers. Softer crude oil rates and stronger than expected Chinese economic data kindled investor sentiments. China's industrial output and retail sales rose more than estimated during the first two months of 2024. Japan’s Nikkei surged in the session ahead to Bank of Japan’s policy decision on Tuesday. Bargain hunting at prevailing levels with the softness in local currency yen aided the index.

Nikkei 225 surge by 905.68 points 2.34% to 39,613.32, Straits Times rose 0.60 points 0.02% to 3,173.56, Hang Seng enlarged by 12.93 points 0.08% to 16,733.82, Taiwan Weighted widened 150.99 points or 0.77% to 19,833.49, KOSPI Index lifted 13.24 points or 0.50% to 2,680.08, Jakarta Composite buoyed by 16.67 points or 0.23% to 7,344.72, Shanghai Composite increased by 15.03 points or 0.49% to 3,069.67 and FTSE Bursa Malaysia KLCI higher by 4.13 points or 0.27% to 1,556.96.

About MoneyWorks4Me

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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