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Asian markets settle mixed on Friday

22 Dec 2023 Evaluate
Asian markets settled mixed on Friday ahead of release of Fed's Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s preferred inflation measure, that could offer signal into when US rate cuts can be expected next year. Chinese shares declined as internet stocks tumbled after China released draft regulations for the online game industry aimed at curbing spending and rewards that encourage video games. Japanese shares gained marginally after Japan's headline inflation rate slowed to 2.8% year-on-year in November from 3.3% in the previous month.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,914.78

-3.93

-0.13

Hang Seng

16,340.41

-280.72

-1.72

Jakarta Composite

7,237.52

27.90

0.39

KLSE Composite

1,454.38

-1.20

-0.08

Nikkei 225

33,169.05

28.58

0.09

Straits Times

3,140.32

27.82

0.89

KOSPI Composite

2,599.51

-0.51

-0.02

Taiwan Weighted

17,596.63

52.89

0.30


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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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