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Asian markets end mostly down on Friday

13 Dec 2024 Evaluate
Asian markets ended mostly down on Friday tracking Wall Streets’ overnight fall after data showed producer prices increased by the most in five months in November and weekly jobless claims unexpectedly rose last week, that fuelled concerns about how quickly the Fed will cut interest rates early next year. Meanwhile, investors also looked ahead to next week's Federal Reserve meeting. Japanese shares fell even after data showed sentiment among large Japanese manufacturers improved slightly in the final quarter of the year, adding more evidence of economic recovery just a week before a closely-watched meeting at the Bank of Japan. Moreover, Chinese and Hong Kong shares dropped on disappointment after the China Central Economic Work Conference did not offer details on new stimulus measures. However, Seoul shares gained ahead of a second impeachment motion against President Yoon Suk Yeol in parliament this weekend. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,391.88

-69.62

-2.05

Hang Seng

19,971.24

-425.81

-2.13

Jakarta Composite

7,324.79

-69.45

-0.95

KLSE Composite

1,608.75

6.67

0.42

Nikkei 225

39,470.44

-378.70

-0.96

Straits Times

3,810.35

1.08

0.03

KOSPI Composite

2,494.46

12.34

0.49

Taiwan Weighted

23,020.48

-26.32

-0.11

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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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