Most of the Asian equity benchmarks are trading in the green in Tuesday’s morning deals despite sluggish opening as investors opted to buy beaten down but fundamentally strong stocks. Though, the gains remained capped amid concerns about the looming U.S. debt ceiling deadline. Japanese Nikkei too entered into the positive terrain after a negative start as bargain hunting witnessed at lower levels. Meanwhile, the Japan’s current account surplus stood at 161.5 billion yen in August. That was well shy of expectations for a surplus of 520.0 billion yen following the 577.3 billion yen surplus in July. The surplus plummeted 63.7 percent on year, also missing forecasts for an increase of 18.1 percent after dipping 12.9 percent in the previous month. The trade balance reflected a deficit of 885.9 billion yen versus forecasts for a shortfall of 880.0 billion yen following the 943.3 billion yen deficit a month earlier.
Hang Seng rose 222.96 points or 0.97% to 23,196.91, Jakarta Composite surged 46.83 points or 1.07% to 4,421.79, Nikkei 225 strengthened 38.69 points or 0.28% to 13,892.01, Straits Times added 12.76 points or 0.41% to 3,149.35 and Taiwan Weighted was up by 30.11 points or 0.36% to 8,363.77.
On the flip side, KLSE Composite dipped 1.60 points or 0.09% to 1,775.22 and Seoul Composite was down by 5.37 points or 0.27% to 1,989.05.
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: