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Asian markets trade mostly higher in early deals on Monday

27 May 2013 Evaluate

Asian markets are trading mostly in green in Monday’s morning trade as some strength came in from Chinese President Xi Jinping’s statement that the country won’t sacrifice environment for short term growth. However, Japanese Nikkei declined by about three percent as a rebound in the yen hammered exporters in a market still on edge after last week's turbulent trade sent the benchmark reeling to its worst loss in two years. Sentiments also got dented after a top central banker highlighted concern that 2% price goal may be elusive.

Shanghai Composite rose 0.23 points or 0.01% to 2,288.76, Hang Seng increased 50.70 points or 0.22% to 22,669.37, Straits Times added 2.42 points or 0.07% to 3,395.59, KOSPI Composite surged 7.92 points or 0.40% to 1,981.37 and Taiwan Weighted was up by 52.61 points or 0.64% to 8,262.39.

On the flip side, Jakarta Composite declined 67.96 points or 1.32% to 5,087.13, KLSE Composite slipped 4.01 points or 0.23% to 1,769.05 and Nikkei 225 was down by 402.21 points or 2.75% to 14,210.24.

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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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