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Asian markets end mostly down on Monday

16 Dec 2024 Evaluate
Asian markets ended mostly down on Monday as mixed economic readings from China disappointed investors. Data showed that Chinese industrial production posted a faster expansion and house prices fell at slower pace, while Chinese retail sales growth softened. Chinese and Hong Kong shares dipped, despite reports that China might cut interest rates and the reserve requirement ratio in a timely manner next year. Seoul shares fell after South Korean President Yoon Suk Yeol was impeached on the weekend. Moreover, Japanese shares declined amid caution before the Bank of Japan and Federal Reserve rate decisions due this week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,386.33

-5.55

-0.16

Hang Seng

19,795.49

-175.75

-0.89

Jakarta Composite

7,258.63

-66.16

-0.91

KLSE Composite

1,606.85

-1.90

-0.12

Nikkei 225

39,457.49

-12.95

-0.03

Straits Times

3,821.03

10.68

0.28

KOSPI Composite

2,488.97

-5.49

-0.22

Taiwan Weighted

23,039.90

19.42

0.08

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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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