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Asian markets trade mixed in early deals on Monday

11 Dec 2023 Evaluate
Asian markets traded mixed in early deals on Monday, amidst the woes over persisting interest rate hikes followed by the better than expected US jobs data in November. Moreover, Chinese economic slowdown woes also dampened market sentiments. World’s second largest economy reported that its November consumer prices grew its fastest in three years and producer price inflation dipped further, saddling Shanghai composite to its seven week low level and Hang Seng to its 13 month low level. Bucking the trend, Japan’s Nikkei rallied after its two-day decline.

Nikkei 225 up by 451.54 points 1.38% to 32,759.40, Taiwan Weighted rose 2.68 points or 0.02% to 17,386.67, KOSPI Index jumped 0.54 points or 0.02% to 2,518.39, and FTSE Bursa Malaysia KLCI added by 0.31 points or 0.02% to 1,442.28.

On the flip side, Straits Times down 23.54 points or 0.76% to 3,087.19, Hang Seng narrowed 333.53 points 2.08% to 16,000.84, Jakarta Composite declined by 42.02 points or 0.59% to 7,117.58, and Shanghai Composite decreased by 16.71 points or 0.57% to 2,952.85.

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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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