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Asian markets trade in red in early deals on Friday

05 Apr 2024 Evaluate
Asian markets traded in red in early deals on Friday, pressured by the risk aversion with the surging crude rates, uncertainty over Fed interest rate outlook, and on looming geopolitical tensions. Moreover, tight semiconductor supply chain followed by recent major quake in Taiwan also saddled investor confidence. Stock markets of China and Taiwan are closed for Ching Ming Festival, and Tomb Sweeping Day holiday respectively. Japan’s Nikkei tumbled in the session, near three-week low rate, in tandem with the negative global indices. Stronger local currency yen also weighed foreign investments.

Nikkei 225 down by 844.71 points 2.12% to 38,928.43, Straits Times dipped 22.47 points 0.69% to 3,212.54, Hang Seng declined by 118.84 points 0.72% to 16,606.26, KOSPI Index lower 26.40 points or 0.96% to 2,715.60, Jakarta Composite diminished by 29.04 points or 0.40% to 7,283.44, and FTSE Bursa Malaysia KLCI narrowed by 14.80points or 0.96% to 1,551.81.

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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