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Asian markets trade in green in early deals on Thursday

04 Apr 2024 Evaluate
Asian markets traded in green in early deals on Thursday, with the rise in risk appetite in the market after Federal Reserve Chairman reaffirmed that the central bank will likely cut interest rates this year and expressed confidence that inflation is moving sustainably toward the 2% target. Bargain hunting after previous sessional losses also lifted the local indices. Japan’s Nikkei rebounded about half of the losses from earlier this week, ahead to Friday’s Japanese economic readings. Additionally, weaker local currency yen encouraged foreign investments buoying the index. Stock markets of Hong Kong and China are closed for Ching Ming Festival, while Taiwan market is closed for Children's Day holiday.

Nikkei 225 up by 510.15 points 1.29% to 39,962.00, Straits Times rose 20.93 points 0.65% to 3,243.59, KOSPI Index higher 29.31 points or 1.08% to 2,736.28, Jakarta Composite enlarged by 63.64 points or 0.89% to 7,230.48, and FTSE Bursa Malaysia KLCI widened by 14.80points or 0.96% to 1,551.81.

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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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