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Asian markets settle mostly higher on Tuesday

25 Jun 2024 Evaluate
Asian markets settled mostly higher on Tuesday ahead of crucial US economic reports that could provide insights into the Federal Reserve's interest rate timeline. Japanese shares gained, even as the yen rose for the second straight session against the dollar due to verbal intervention by Japanese authorities. However, Chinese shares declined, even after China's Premier Li Qiang said the country is capable of achieving the full year growth target of around 5%. The Joe Biden administration has launched an investigation into major Chinese telecom firms over concerns that these firms could potentially exploit their access to American data through their US cloud and internet operations to benefit Beijing.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,950.00

-13.10

-0.44

Hang Seng

18,072.90

45.19

0.25

Jakarta Composite

6,882.70

-6.47

-0.09

KLSE Composite

1,585.38

-4.28

-0.27

Nikkei 225

39,173.15

368.50

0.95

Straits Times

3,326.28

12.14

0.37

KOSPI Composite

2,774.39

9.66

0.35

Taiwan Weighted

22,875.97

62.27

0.27

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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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