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Asian markets trade higher in early deals of Tuesday

13 May 2025 Evaluate
Asian markets traded higher in early deals of Tuesday, kindled by the risk appetite in the market amidst a recent agreement between the US and China to reduce tariffs for 90 days. Rally in technology and manufacturing sector stocks kindled the local indices. Japan’s Nikkei registered multi-month highs with the positive global cues. Optimism grew as the Japanese Prime Minister Shigeru Ishiba had affirmed his demand for the complete elimination of US tariffs on Japanese automobiles. Bucking the trend, Hang Seng snapped an eight-day winning streak as investors locked in profits after the Hong Kong index hit a 1-1/2-month high. Indonesian stock market is closed for a holiday today.

Nikkei 225 up by 684.25 points or 1.82% to 38,328.51, Straits Times buoyed by 16.50 points 0.43% to 3,892.66, Taiwan Weighted added by 235.81 points or 1.12% to 21,365.35, Shanghai Composite lifted by 2.62 points or 0.08% to 3,371.86 and FTSE Bursa Malaysia KLCI climbed by 31.56 points or 2.04% to 1,578.06

On the flip side, Hang Seng down by 392.57 points 1.70% to 23,156.89, KOSPI Index decreased by 2.84 points or 0.11% to 2,604.49.

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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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