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Asian markets trade mostly higher in early deals of Tuesday

10 Dec 2024 Evaluate
Asian markets traded mostly higher in early deals of Tuesday, bolstered by the risk appetite in the market after China's ruling Politburo announced its plans to loosen monetary policy for the first time in 14 years and more proactive fiscal measures to stimulate the wilting economy. Technical buying after slump in most sectors in the previous session also lifted the indices. KOSPI marked a rebound from a more than two-year low amidst ongoing political instability in South Korea. Japan’s Nikkei also advanced in the session ahead of business sentiment data later this week.

Nikkei 225 up by 204.24 points 0.52% to 39,364.74, Straits Times rose by 19.77 points 0.52% to 3,814.69, Hang Seng jumped by 204.09 points 0.99% to 20,618.18, Shanghai Composite higher by 53.59 points or 1.55% to 3,456.12, KOSPI Index soared by 55.13 points or 2.34% to 2,415.71, 

On the flip side, Taiwan Weighted down by 139.05 points or 0.60% to 23,134.20, Jakarta Composite dipped by 18.72 points or 0.25% to 7,419.01, and FTSE Bursa Malaysia KLCI shrunk by 2.03 points or 0.13% to 1,609.40.

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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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