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Asian markets settle mostly down on Tuesday

26 Nov 2024 Evaluate
Asian markets settled mostly down on Tuesday as American currency rallied after US President-elect Donald Trump said he plans to impose 25% tariffs on Mexico and Canada and an additional 10% on China on his first day in office. Meanwhile, investors were awaiting the release of Federal Reserve's preferred measure of inflation, the personal consumption expenditures (PCE) price index due on Wednesday. Japanese shares declined ahead of November inflation numbers from the Tokyo region due later in the week, while a stronger yen kept investors nervous. Seoul shares fell ahead of a Bank of Korea interest-rate decision on Wednesday. Moreover, Chinese shares slipped ahead of Chinese industrial profit data and purchasing managers index numbers due this week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,259.76

-4.00

-0.12

Hang Seng

19,159.20

8.21

0.04

Jakarta Composite

7,245.89

-68.22

-0.94

KLSE Composite

1,603.15

5.70

0.36

Nikkei 225

38,442.00

-338.14

-0.88

Straits Times

3,712.39

-19.00

-0.51

KOSPI Composite

2,520.36

-13.98

-0.55

Taiwan Weighted

22,678.76

-269.61

-1.19

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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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