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Asian markets trade mostly higher in early deals on Friday

04 Oct 2024 Evaluate
Asian markets traded mostly higher in early deals on Friday, with the technical buying after previous sessional sell-offs amidst intensified Middle East geopolitical tensions. Japan’s Nikkei advanced with the dip in local currency yen, which bolstered the outlook for Japan’s export-heavy industries. Meanwhile, Hang Seng soared the most among Asian indices and is in track of about 9% weekly gain so far, with the optimism that consumer mood in China may recover during the Golden Week break. Stock market of China remained closed for National Day.

Nikkei 225 rose by 91.84 points 0.24% to 38,643.90, Straits Times up by 0.65 points 0.02% to 3,578.08, Hang Seng surged by 492.73 points 2.23% to 22,606.24, and KOSPI Index higher by 11.48 points or 0.45% to 2,573.17. 

On the flip side, Jakarta Composite down by 43.55 points or 0.58% to 7,500.28, Taiwan Weighted dipped by 166.42 points or 0.74% to 22,223.97, and FTSE Bursa Malaysia KLCI lower by 9.23 points or 0.56% to 1,632.32.

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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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