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Asian markets trade mostly lower in early deals on Monday

16 Dec 2024 Evaluate
Asian markets traded mostly lower in early deals on Monday, with the risk aversion ahead to key Fed interest rate cut decision later in the week. Persisting political uncertainty in South Korea, People Bank of China’s loan prime rate decisions later in the week, and sluggish November Chinese economic data also dulled investor sentiments. Japan’s Nikkei slowed in the session ahead to the upcoming Bank of Japan policy decision and on weaker local currency yen.

Nikkei 225 down by 30.01 points 0.08% to 39,440.43, Hang Seng declined by 114.33 points 0.58% to 19,856.91, Jakarta Composite narrowed by 65.32 points or 0.89% to 7,259.47, KOSPI Index curtailed by 5.86 points or 0.23% to 2,488.60, Taiwan Weighted shrunk by 1.19 points or 0.01% to 23,019.29 and FTSE Bursa Malaysia KLCI dipped by 3.82 points or 0.24% to 1,604.93

On the flip side, Straits Times rose by 8.69 points 0.23% to 3,819.04, and Shanghai Composite up by 3.23 points or 0.10% to 3,395.11.

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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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