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Asian markets trade lower in early deals

07 Jun 2013 Evaluate

All the Asian equity indices, barring KLSE Composite, are trading in red as investors remained wary ahead of the key US jobs report due later that may clarify whether the Federal Reserve could start tapering its stimulus programme in coming weeks. Meanwhile, Japanese Nikkei share average fell over one and a half percent and entered bear market territory on Friday, having plunged 20 percent from a five and a half year high hit last month.

Shanghai Composite declined 17.37 points or 0.77% to 2,224.74, Hang Seng tumbled 288.74 points or 1.32% to 21,549.69, Jakarta Composite crumbled 97.80 points or 1.96% to 4,903.42, Nikkei 225 dropped 221.83 points or 1.72% to 12,682.19, Straits Times dipped 9.11 points or 0.29% to 3,184.40, KOSPI Composite contracted 28.87 points or 1.47% to 1,930.32 and Taiwan Weighted was down by 1.17 points or 0.01% to 8,094.97.

On the flip side, KLSE Composite was up by 4.38 points or 0.25% to 1,773.98. 

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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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