Asian markets settle mostly higher on Wednesday

03 Jul 2024 Evaluate

Asian markets settled mostly higher on Wednesday, tracking Wall Street gains overnight, as comments from US Federal Reserve Chair Jerome Powell reinforced expectations that the Federal Reserve might cut interest rates this year. Japanese shares led gains as the yen stayed near 38-year lows. Hong Kong shares jumped by technology shares. Although, Chinese shares declined after a private survey showed Chinese services sector activity hit an 8-month low in June. Investors are awaiting the release of US June jobs report and upcoming elections in France and the UK.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,982.38	-14.63	-0.49
Hang Seng	17,978.57	209.43	1.16
Jakarta Composite	7,196.76	71.62	1.01
KLSE Composite	1,615.32	17.36	1.09
Nikkei 225	40,580.76	506.07	1.25
Straits Times	3,415.51	47.61	1.39
KOSPI Composite	2,794.01	13.15	0.47
Taiwan Weighted	23,172.43	293.06	1.26

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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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