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Asian markets trade mixed in early deals on Wednesday

14 Aug 2013 Evaluate

Asian equity indices are exhibiting mixed trend in Wednesday’s morning deals with Japanese Nikkei trading lower by over half a percent as futures selling erased early-session gains triggered by positive economic data from Europe and the United States and a weaker yen. However, some support came in from good economic data, bolstering the global outlook. Meanwhile, Hong Kong Exchange has delayed the start of trading on both the securities and derivatives markets on Wednesday morning due to Typhoon Utor.

Shanghai Composite rose 1.53 points or 0.07% to 2,107.69, Jakarta Composite strengthened 23.94 points or 0.51% to 4,676.34 and Seoul Composite was up 4.34 points or 0.23% to 1,917.37.

On the flip side, KLSE Composite slipped 1.65 points or 0.09% to 1,793.44, Nikkei 225 declined 79.97 points or 0.58% to 13,787.03, Straits Times decreased 4.57 points or 0.14% to 3,239.55 and Taiwan Weighted was down by 50.50 points or 0.63% to 7,935.77.

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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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