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Asian markets trade mostly higher in early deals on Tuesday

18 Feb 2025 Evaluate
Most of the Asian markets traded higher in early deals on Tuesday, mirroring positive cues from European stock market. Investor sentiments boosted with the easing geopolitical tensions after US President Trump's decision to engage Russia in talks about Ukraine. However, concerns over potential higher US tariffs limited some gains. Japan’s Nikkei advanced after its economic data improved than expected. Japan's economy grew by 0.7% quarter-on-quarter in the fourth quarter, up from 0.4% growth in the previous quarter and exceeding expectations of 0.3%. Hang Seng soared to highest level since early October.

Nikkei 225 up by 243.53 points or 0.62% to 39,417.78, Straits Times rose by 9.24 points or 0.24% to 3,914.09, Hang Seng surged by 464.00 points or 2.01% to 23,080.23, Taiwan Weighted jumped by 46.86 points or 0.20% to 23,552.19, Jakarta Composite climbed by 44.35 points or 0.65% to 6,875.23, Shanghai Composite lifted by 9.68 points or 0.29% to 3,365.51, KOSPI Index increased by 13.07 points or 0.50% to 2,623.49

On the flip side, FTSE Bursa Malaysia KLCI decreased by 1.15 points or 0.07% to 1,581.61.

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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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