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Asian markets trade mostly higher in early deals of Wednesday

06 Nov 2024 Evaluate
Asian markets traded mostly higher in early deals of Wednesday, kindled by the risk appetite as the market keenly awaits for US presidential election results, while early results show Republican candidate Donald Trump surging ahead of Democratic candidate Kamala Harris. Sharp rally in technology and financial stocks with its global counter partners buoyed the local indices. Japan’s Nikkei soared ahead to Bank of Japan’s latest policy meeting minutes for cues on the potential for further rate hikes. Softer local currency yen also encouraged third party investors.

Nikkei 225 soared by 842.45 points 2.19% to 39,317.35, Straits Times rose by 1.38 points 0.04% to 3,582.99, Taiwan Weighted higher by 235.81 points or 1.02% to 23,342.60, Shanghai Composite lifted by 5.37 points or 0.16% to 3,392.36 and FTSE Bursa Malaysia KLCI added by 5.81 points or 0.36% to 1,626.51

On the flip side, , Hang Seng lower by 547.71 points 2.68% to 20,459.26, KOSPI Index dipped by 4.46 points or 1.91% to 2,550.70, and Jakarta Composite declined by 30.39 points or 0.41% to 7,461.54.

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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To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

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