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Asian markets trade in green on Thursday

18 Apr 2024 Evaluate
Asian markets traded in green on Thursday, with the bargain hunting after recent correction followed by woes over Middle East tensions and looming interest rate cut uncertainties. Moreover, weaker local currencies, surprisingly better Chinese GDP and on intensified interest rate cut bets by People Bank of China boosted investor sentiments. Japan’s Nikkei advanced after early losses in the session with the global indices. Nikkei rebounded after three consecutive sessional losses, buoyed by rally in almost all sectors.

Nikkei 225 up by 222.82 points 0.58% to 38,184.62, Straits Times rose by 38.95 points 1.23% to 3,193.64, Hang Seng climbed by 147.60 points 0.91% to 16,399.44, Taiwan Weighted jumped by 120.52 points or 0.60% to 20,333.85, KOSPI Index buoyed by 53.72 points or 2.08% to 2,637.90, Jakarta Composite boosted by 19.13 points or 0.27% to 7,149.97, Shanghai Composite lifted by 9.45 points or 0.31% to 3,080.83 and FTSE Bursa Malaysia KLCI enlarged by 3.90 points or 0.25% to 1,544.32.

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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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