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Asian markets end mostly in red on Thursday

28 Nov 2024 Evaluate

Asian markets ended mostly in red on Thursday amid much uncertainty about U.S. President-elect Donald Trump's tariff policies and the Federal Reserve's interest-rate path. Investors looked ahead to a key economic meeting of Chinese policymakers next month, where there could be more stimulus actions to boost the struggling economy. Japanese market finished notably higher as the dollar rebounded back up to the lower 151-yen range and reports emerged that U.S. restrictions on sales of semiconductor technology and AI memory chips to China would not be as severe as previously expected. Seoul’s KOSPI fluctuated before ending flat as the Bank of Korea cut its key policy rate for a second consecutive meeting and lowered its growth forecasts, citing weaker global demand, higher tariffs and more policy uncertainty.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,295.70

-14.08

-0.43

Hang Seng

19,366.96

-236.17

-1.22

Jakarta Composite

7,200.16

-45.73

-0.64

KLSE Composite

1,597.49

-6.76

-0.42

Nikkei 225

38,349.06

214.09

0.56

Straits Times

3,737.25

29.16

0.78

KOSPI Composite

2,504.67

1.61

0.06

Taiwan Weighted

22,298.90

-35.88

-0.16


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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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