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Asian markets trade mostly higher in early deals on Tuesday

23 Jul 2024 Evaluate
Most of the Asian markets traded higher in early deals on Tuesday, whetted by technology-led rebound in Wall Street overnight. Risk appetite in the market geared with the easing concerns over the US elections, and as investors awaited for earnings reports from major firms. Bargain hunting in most sectors after previous sessional corrections also lifted the local indices. Japan’s Nikkei advanced after previous three-week low finish. Meanwhile, uncertainty over monetary policy normalizing amidst concerns over excessive yen declines limited gains in the session.

Nikkei 225 up by 6.18 points 0.02% to 39,605.18, Straits Times rose by 16.78 points 0.49% to 3,454.04, Taiwan Weighted soared by 492.24 points or 2.21% to 22,749.23, KOSPI Index increased by 17.20 points or 0.62% to 2,780.71, Jakarta Composite lifted by 2.09 points or 0.03% to 7,324.07, and FTSE Bursa Malaysia KLCI added by 8.46 points or 0.52% to 1,630.53.

On the flip side, Hang Seng down by 15.72 points 0.09% to 17,620.16 and  Shanghai Composite curtailed by 17.59 points or 0.60% to 2,946.63.

About MoneyWorks4Me

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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