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Asian markets end mixed on Wednesday

27 Nov 2024 Evaluate

Asian markets ended mixed on Wednesday amid tariff worries as U.S. President-elect Donald Trump picked another China sceptic, Jamieson Greer, to serve as the United States Trade Representative (USTR) and appointed Kevin A Hassett as the director of the White House National Economic Council, key figures in implanting the new administration's economic agenda. Jamieson played a key role during Trump's first term in imposing tariffs on China and others to combat unfair trade practices and replacing the failed NAFTA deal with USMCA. Hassett played a crucial role in helping design and pass the Tax Cuts and Jobs Act of 2017. Japanese markets retreated as a stronger yen weighed on automotive stocks such as Honda Motor, Toyota and Nissan, which fell 3-5 percent. China's Shanghai Composite index rallied after data showed industrial profit decline eased to 10 percent year-on-year in October from 27.1 percent the previous month.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,309.78

50.02

1.51

Hang Seng

19,603.13

443.93

2.26

Jakarta Composite

--

--

--

KLSE Composite

1,604.25

1.10

0.07

Nikkei 225

38,134.97

-307.03

-0.81

Straits Times

3,708.09

-4.30

-0.12

KOSPI Composite

2,503.06

-17.30

-0.69

Taiwan Weighted

22,334.78

-343.98

-1.54

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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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