Asian markets settle mostly higher on Tuesday

30 Apr 2024 Evaluate

Asian markets settled mostly higher on Tuesday, with the weakness in gold, crude oil, strong corporate earnings report and on optimism over more stimulus measures in mainland China followed by mixed PMI data. Japan's Nikkei advanced to its two-week high level followed by robust industrial production growth. While, investors also digested muted unemployment data and slower than expected retail sales growth. Market also closely monitored currency moves amid reports on intervention of Japanese authorities to support the yen as it tumbled to 160 per dollar.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,104.82	-8.22	-0.26
Hang Seng	17,763.03	16.12	0.09
Jakarta Composite	7,234.20	78.42	1.08
KLSE Composite	1,575.97	-6.69	-0.42
Nikkei 225	38,405.66	470.90	1.23
Straits Times	3,292.69	10.64	0.32
KOSPI Composite	2,692.06	4.62	0.17
Taiwan Weighted	20,396.60	-98.92	-0.48

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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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Investing in stocks, mutual funds, debt, and gold
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