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Asian markets trade in green in early deals on Tuesday

03 Dec 2024 Evaluate
Asian markets traded in green in early deals on Tuesday, as the remarks from Fed Governor Christopher Waller bolstered hopes for December Fed interest rate cut.  Rally in technological and financial sector stocks also whetted the indices. However, some gains remained trimmed ahead to a slew of crucial US economic data including monthly jobs report and customer sentiments reports later this week. Japan’s Nikkei soared with rise in foreign investments amidst slump in local currency yen.

Nikkei 225 soared by 877.23 points or 2.28% to 39,390.25, Straight times rose 38.35 points or 1.02% to 3,789.70, Hang Seng added by 69.62 points or 0.35% to 19,619.91, Jakarta Composite up by 102.18 points or 1.45% to 7,149.17, Shanghai lifted by 6.76 points or 0.20% to 3,370.74, KOSPI enlarged by 39.71 points or 1.62% to 2,494.19, Taiwan soared by 311.01 points or 1.37% to 23,047.94, and FTSE Bursa Malaysia KLCI higher by 3.44 points or 0.22% to 1,598.92.

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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Our Approach: Ensuring compounding work its magic on client portfolio.

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