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Asian markets trade mostly higher in early deals on Wednesday

20 Mar 2024 Evaluate
Asian markets traded mostly higher in early deals on Wednesday, as the kindled by the optimism after monetary policy announcements from the Bank of Japan, People's Bank of China and the Reserve Bank of Australia. Regional indices also got cheered with the positive global indices overnight. However, some gains remained trimmed amid caution ahead to the conclusion of the Fed meeting later today. The central bank is expected to hold rates steady for the fifth gathering later today and offer economic projections. South Korea’s KOSPI advanced the most among Asian indices. Stock market of Japan is closed for Vernal Equinox holiday. 

Straits Times rose 7.42 points 0.23% to 3,180.97, Hang Seng up by 30.29 points 0.18% to 16,559.77, KOSPI Index higher 33.59 points or 1.26% to 2,689.76, and Shanghai Composite increased by 13.91 points or 0.45% to 3,076.67.

On the flip side, Taiwan Weighted down 47.54 points or 0.24% to 19,809.66, Jakarta Composite dipped by 1.86 points or 0.03% to 7,334.89, and FTSE Bursa Malaysia KLCI lower by 3.94 points or 0.25% to 1,541.02.

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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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