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Asian markets trade mostly higher in early deals on Wednesday

09 Oct 2024 Evaluate
Asian markets traded mostly higher in early deals on Wednesday, kindled by the risk appetite in the market ahead of the release of key US inflation data and the Fed's latest meeting minutes later in the week. Rally in technological sector stocks with its global counter partners also whetted Asian indices. Japan’s Nikkei advanced with the positive trend in Wall Street and on weaker local currency yen. Stock market of South Korea is closed for Hangul Day.

Nikkei 225 up by 322.50 points 0.83% to 39,260.04, Straits Times rose by 13.58 points 0.38% to 3,589.27, Taiwan Weighted enlarged by 189.68 points or 0.83% to 22,801.07, and FTSE Bursa Malaysia KLCI higher by 1.96 points or 0.12% to 1,637.58.

On the flip side, Hang Seng wilted by 291.68 points 1.41% to 20,635.11, Jakarta Composite down by 8.62 points or 0.11% to 7,548.52, and Shanghai Composite narrowed by 184.94 points or 5.60% to 3,304.84.

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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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