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Asian markets trade mostly higher in early deals on Tuesday

09 Apr 2024 Evaluate

Asian markets traded mostly higher in early deals on Tuesday, with the risk appetite in the market ahead to this week’s US CPI data, the release of FOMC minutes, inflation data of China and the ECB monetary policy meeting. Japan’s Nikkei extended its previous session’s gain with the rally in tech sector stocks. Besides, weakness in local currency yen also buoyed foreign investments. Bucking the trend, Shanghai index fell for the fourth straight session as investor sentiments dulled after US Treasury Secretary Janet Yellen commented that US might take measures like potential tariffs, against China’s green energy exports. Stock market of Indonesia and Malaysia is closed for Id-Ul-Fitr (Ramadan Eid).

Nikkei 225 up by 309.93 points or 0.79% to 39,656.97, Straits Times rose 26.68 points or 0.83% to 3,242.67, Hang Seng enlarged by 91.51 points or 0.54% to 16,824.36, and Taiwan Weighted widened 379.97 points or 1.83% to 20,797.67.

On the flip side, KOSPI Index lower 7.86 points or 0.29% to 2,709.79, and Shanghai Composite decreased by 4.68 points or 0.15% to 3,042.37.


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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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