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Asian markets settle mostly down on Tuesday

16 Jan 2024 Evaluate
Asian markets settled mostly down on Tuesday amid escalating geopolitical tensions surrounding the Korean Peninsula. Japanese shares declined amid profit taking at 34-year highs, while the Bank of Japan said that the Producer Price Index was unchanged from the same month a year before. However, Chinese shares gained as major Chinese lender Ping An Bank Co. put 41 Companies on a list of developers eligible for its funding support, marking the latest move aimed at reviving the nation's crisis-hit property sector. Further, China's $1.24 trillion sovereign wealth fund vowed to help with risk mitigation and market stabilization in 2024.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,893.99

7.70

0.27

Hang Seng

15,865.92

-350.41

-2.21

Jakarta Composite

7,242.79

18.79

0.26

KLSE Composite

1,493.87

-7.24

-0.48

Nikkei 225

35,619.18

-282.61

-0.79

Straits Times

3,184.99

-14.43

-0.45

KOSPI Composite

2,497.59

-28.40

-1.14

Taiwan Weighted

17,346.87

-199.95

-1.15

About MoneyWorks4Me

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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