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Asian markets trade mostly higher in early deals on Thursday

07 Nov 2024 Evaluate
Asian markets traded mostly higher in early deals on Thursday, kindled by the risk appetite in the market after Wall Street soared to record highs following Donald Trump's re-election as US president. Hopes on fresh support measures in China to bolster an economic turnaround as the National People’s Congress meeting is ongoing, also kindled the investor sentiments. Singapore’s Straits Times surged the most among Asian indices trading near its highest level since October 2007. 

Straits Times surge by 64.30 points 1.78% to 3,667.29, Hang Seng soared by 237.62 points 1.14% to 20,776.00, KOSPI Index rose by 10.30 points or 0.40% to 2,573.81, Taiwan Weighted higher by 282.93 points or 1.20% to 23,500.31, and Shanghai Composite lifted by 29.66 points or 0.87% to 3,413.47 

On the flip side, Nikkei 225 down by 169.65 points 0.43% to 39,311.02, Jakarta Composite declined by 76.08 points or 1.03% to 7,307.79, and FTSE Bursa Malaysia KLCI diminished by 9.03 points or 0.55% to 1,625.14

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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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