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Asian markets trade higher on Monday morning

17 Jun 2013 Evaluate

Most of the Asian equity indices are trading in a positive trajectory in Monday’s morning session as investors opted to pile-up positions in beaten down but fundamentally strong stocks after a huge sell-off last week. However, the up-side remained capped as investors remained little cautious ahead of the Fed policy meeting over Tuesday and Wednesday, where the central bank may conceivably taper its massive bond-buying programme, as long as the economy is showing some improvement.

Shanghai Composite rose 1.84 points or 0.09% to 2,163.88, Hang Seng surged 282.03 points or 1.34% to 21,251.17, Jakarta Composite jumped 34.88 points or 0.73% to 4,795.63, KLSE Composite increased 7.94 points or 0.45% to 1,770.13, Nikkei 225 soared 229.77 points or 1.81% to 12,916.29, Straits Times added 24.02 points or 0.76% to 3,185.45 and Taiwan Weighted was up by 52.26 points or 0.66% to 7,990.00.

On the flip side, KOSPI Composite was down by 0.85 points or 0.04% to 1,888.39.

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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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