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Asian markets trade mostly lower tracking weak cues from Wall Street

26 Sep 2013 Evaluate

Asian stock markets are trading mostly in the red in Thursday morning deals, tracking weak cues from Wall Street where stocks declined overnight amid fears of a possible government shutdown next week. Moreover, sluggish trend was witnessed in most of the markets in the absence of any major trigger. Japanese markets made a decent pullback to trade in green after making gap-down start as yen lost some ground against the greenback. Moreover, sentiments also remained up-beat amid optimism that Prime Minister Shinzo Abe and the Bank of Japan will lead the country out of deflation.

Shanghai Composite declined 32.35 points or 1.47% to 2,166.17, Hang Seng decreased 101.31 points or 0.44% to 23,108.32, KLSE Composite shed 6.76 points or 0.38% to 1,777.30 and Taiwan Weighted was down by 74.93 points or 0.90% to 8,208.97.

On the flip side, Jakarta Composite surged 46.73 points or 1.06% to 4,453.50, Nikkei 225 rose 59.84 points or 0.41% to 14,680.37 and Seoul Composite was up by 7.51 points or 0.38% to 2,005.57. 

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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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