Asian stocks end mostly higher on Friday

08 Dec 2023 Evaluate

Asian stocks ended mostly higher on Friday tracking Wall Street’s gains overnight, while investors were awaiting US jobs data later in the day for clues on the Federal Reserve's interest rate trajectory. Chinese shares gained slightly after data showed that exports in the world's second-largest economy grew for the first time in six months in November, despite an unexpected shrink in imports. However, Japanese shares declined as a stronger yen weighed on Japanese market. While, Japanese economy contracted at an annualised clip of 2.9% in July-September from the previous quarter, worse than the initial estimate of a 2.1% drop.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,969.56	3.35	0.11
Hang Seng	16,334.37	-11.52	-0.07
Jakarta Composite	7,159.60	24.98	0.35
KLSE Composite	1,441.97	-0.88	-0.06
Nikkei 225	32,307.86	-550.45	-1.70
Straits Times	3,110.73	36.47	1.17
KOSPI Composite	2,517.85	25.78	1.02
Taiwan Weighted	17,383.99	105.25	0.61

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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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