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Asian markets trade higher in early deals on Friday

03 May 2024 Evaluate
Asian markets traded higher in early deals on Friday, due to increased risk appetite in the market after Fed Chair Jerome Powell alleviated traders’ woes over more interest rate hikes by the central bank. Softer dollar and dip in gold rates also raised equity investments. Hang Seng soared the most among Asian indices climbing near its 8-month high level and is heading for weekly gain of 4%. Stock market of Japan and China are closed for Constitution Memorial Day and Labor Day holidays, respectively.

Straits Times rose by 10.65 points 0.32% to 3,307.54, Hang Seng soared by 206.66 points 1.12% to 18,413.79, Taiwan Weighted enlarged by 111.09 points or 0.55% to 20,333.53, KOSPI Index widened by 2.69 points or 0.10% to 2,686.34, Jakarta Composite jumped by 8.23 points or 0.12% to 7,125.66 and FTSE Bursa Malaysia KLCI was up by 6.13 points or 0.39% to 1,586.43.

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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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