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Asian markets end mostly down on Friday

12 Jan 2024 Evaluate
Asian markets ended mostly down on Friday as hotter than expected US inflation data dented hopes of an early cut in interest rates. Data showed that the US consumer price index accelerated to 3.4% year-on-year in December from 3.1% the previous month, while the core inflation rate slowed to 3.9% from 4%. Chinese and Hong Kong shares declined after data showed that China's exports grew slightly for a second consecutive month in December, even as deflationary pressures continued. However, Japanese shares gained amid waning bets on an early exit from the Bank of Japan's stimulus. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,881.98

-4.67

-0.16

Hang Seng

16,244.58

-57.46

-0.35

Jakarta Composite

7,241.14

21.18

0.29

KLSE Composite

1,487.34

4.34

0.29

Nikkei 225

35,577.11

527.25

1.48

Straits Times

3,191.72

-9.69

-0.30

KOSPI Composite

2,525.05

-15.22

-0.60

Taiwan Weighted

17,512.83

-32.49

-0.19


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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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