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Asian markets trade lower in early deals

29 Jul 2013 Evaluate

All the Asian equity indices are trading in the negative terrain, as sentiments remained dampened amid lingering growth worries after official data released over the weekend showed profits at Chinese industrial firms slowed in June. Meanwhile, Japanese market was the worst performing among other Asian markets, as the yen hit a one-month high against a dollar hamstrung by expectations of dovish comments from the US Federal Reserve after a policy review this week.

Shanghai Composite declined 31.47 points or 1.57% to 1,979.38, Hang Seng dropped 125.35 points or 0.57% to 21,843.60, Jakarta Composite shed 65.75 points or 1.41% to 4,593.13, KLSE Composite slipped 6.58 points or 0.36% to 1,801.03, Nikkei 225 tumbled 332.34 points or 2.35% to 13,797.64, Straits Times dipped 11.62 points or 0.36% to 3,224.48, Seoul Composite decreased 6.09 points or 0.32% to 1,904.72 and Taiwan Weighted was down by 38.00 points or 0.47% to 8,111.40.

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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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