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Asian markets trade mostly lower in early deals on Tuesday

31 Dec 2024 Evaluate
Most of the Asian markets traded lower in early deals on Tuesday, with the thin holiday trades on New Year ’s Day. Sharp selling off in financial and technology sector stocks with its global counter partners pressured local indices. China’s Shanghai slipped in the session with the persiting concerns over its wilting economy and on concerns over President-elect Donald Trump's tariff policies. Stock market of Japan and South Korea are closed for year end, while Hang Seng will close early for New Year’s day. 

Straits Times down by 3.24 points 0.09% to 3,792.49, Taiwan Weighted slipped by 135.95 points or 0.59% to 23,054.25, Shanghai Composite shrunk by 11.03 points or 0.32% to 3,396.30, and FTSE Bursa Malaysia KLCI dipped by 3.61 points or 0.22% to 1,634.07.

On the flip side, Hang Seng up by 125.25 points 0.62% to 20,166.67, Jakarta Composite rose by 43.33 points or 0.61% to 7,079.90.

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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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