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Asian markets trade in green in early deals of Friday

16 Aug 2024 Evaluate
Asian markets traded in green in early deals of Friday, boosted by the risk appetite in the market after strong US retail figures and a considerable dip in US jobless claims trivialized recession fears. Moreover, bets for more stimulus in China mounted after July industrial output growth dipped to a 4-month low and on sluggish property sector indicators. Hang Seng is in track of its second straight weekly gain. Japan’s Nikkei is trading near its two-week high, as the concerns over BoJ raising interest rate eased after robust second quarter economic data from Japan.

Nikkei 225 up by 1,135.49 points 3.09% to 37,862.13, Straits Times rose by 36.22 points 1.09% to 3,351.95, KOSPI Index climbed by 47.92 points or 1.81% to 2,692.42, Taiwan Weighted jumped by 430.50 points or 1.97% to 22,325.67, Jakarta Composite added by 40.64 points or 0.55% to 7,450.14, Hang Seng lifted by 288.47 points 1.69% to 17,397.61, Shanghai Composite enlarged by 2.65 points or 0.09% to 2,880.01, and FTSE Bursa Malaysia KLCI enlarged by 5.84 points or 0.36% to 1,618.78.

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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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