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Asian markets trade mostly higher in early deals

24 May 2013 Evaluate

After witnessing previous session’s sell-off, most of the Asian equity indices have made some pull back in early trade. Japanese stocks climbed over a per cent, after suffering an eye-watering 7.3 per cent drop in a vicious turnaround from a 5-1/2 year peak, as financials and real estate shares regained ground. Chinese market too exhibited positive trend in early trade on some deal news.

Shanghai Composite rose 2.17 points or 0.10% to 2,277.84, Jakarta Composite strengthened 44.77 points or 0.87% to 5,166.18, Nikkei 225 surged 165.57 points or 1.14% to 14,649.55 and KOSPI Composite was up by 1.13 points or 0.06% to 1,970.32.

On the flip side, Hang Seng was down by 45.47 points or 0.20% to 22,624.21.

Stock markets in Malaysia and Singapore remained shut for a public holiday.

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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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