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Asian markets settle mostly higher on Monday

23 Sep 2024 Evaluate
Asian markets settled mostly higher on Monday as investors awaiting US PCE inflation data and speeches from Federal Reserve officials for fresh insight on the pace and scope of easing. Meanwhile, US Fed Governor Christopher Waller said inflation is falling more quickly than expected, that giving the US central bank space to ease more in the coming months. Chinese shares gained after Chinese central bank lowered a short-term policy rate and pumped more liquidity into the financial system in a bid to boost the Chinese economy. However, Hong Kong shares declined marginally after reports that the US Department of Commerce is preparing to propose a ban on the use of Chinese software and hardware in connected and autonomous vehicles on American roads. Japanese market was closed for observation of the Autumnal Equinox holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,748.92

12.11

0.44

Hang Seng

18,247.11

-11.46

-0.06

Jakarta Composite

7,775.73

32.73

0.42

KLSE Composite

1,665.30

-3.52

-0.21

Nikkei 225

--

--

--

Straits Times

3,638.54

13.78

0.38

KOSPI Composite

2,602.01

8.64

0.33

Taiwan Weighted

22,285.53

126.11

0.57




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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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