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Asian markets settle mixed on Tuesday

31 Dec 2024 Evaluate
Asian markets settled mixed in thin holiday trade on Tuesday, tracking overnight fall in Wall Street. Markets in South Korea and Japanese markets were closed on New Year holidays. Chinese shares fell after data showed China's factory activity expanded at a slower pace in December. China's manufacturing PMI dropped to 50.1 in December from 50.3 in the previous month. Meantime, the non-manufacturing PMI advanced more than expected to 52.2 from 50.0 a month ago. The focus also shifted to US-China relations after the US Treasury Department said that a China state-sponsored actor was responsible for a recent cyber breach that accessed some of its workstations.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,351.76

-55.57

-1.66

Hang Seng

20,059.95

18.53

0.09

Jakarta Composite

7,079.90

43.33

0.62

KLSE Composite

1,642.33

4.65

0.28

Nikkei 225

--

--

--

Straits Times

3,787.60

-8.13

-0.21

KOSPI Composite

--

--

--

Taiwan Weighted

23,035.10

-155.10

-0.67

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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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