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Asian markets trade mixed in early deals on Wednesday

25 Sep 2024 Evaluate
Asian markets traded mixed in early deals on Wednesday, saddled by the profit taking after indices soared on optimism over continued dovish stance by Federal Reserve after weaker than anticipated US consumer confidence index. Market sentiments got buoyed after China announced comprehensive monetary stimulus package to revive the economy. Japan’s Nikkei extended winning streak to fourth straight session as investors eyed ahead to minutes of BoJ’s meeting on Thursday and Tokyo’s inflation data on Friday to gauge the outlook further.

Nikkei 225 up by 114.38 points 0.30% to 38,055.01, Hang Seng rose by 381.98 points 1.97% to 19,382.54, Taiwan Weighted climbed by 271.81 points or 1.21% to 22,703.59, and Shanghai Composite surged by 49.52 points or 1.70% to 2,912.65.

On the flip side, Straits Times down by 23.06 points 0.64% to 3,599.68, KOSPI Index dipped by 2.79 points or 0.11% to 2,628.89, Jakarta Composite reduced by 97.50 points or 1.25% to 7,680.99, and FTSE Bursa Malaysia KLCI lower by 3.70 points or 0.22% to 1,666.67.

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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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