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Asian markets trade mostly lower in early deals on Monday

06 Jan 2025 Evaluate
Most of the Asian markets traded lower in early deals on Monday, due to risk aversion in the market ahead of a slew of US economic data this week to gauge on Federal Reserve’s stance on rate cuts. Hawkish comments from Federal Reserve and looming Sino-US trade tensions continued to dull investor sentiments. Japan’s Nikkei tumbled the most among Asian indices after December composite and services PMIs of Japan were revised lower.

Nikkei 225 tumbled by 642.39 points 1.61% to 39,252.15, Hang Seng down by 53.61 points 0.27% to 19,706.66, Jakarta Composite dipped by 52.10 points or 0.73% to 7,112.33, Shanghai Composite shrunk by 8.80 points or 0.27% to 3,202.63, and FTSE Bursa Malaysia KLCI declined by 3.89 points or 0.24% to 1,625.57.

On the flip side, Straits Times up by 10.85 points 0.29% to 3,812.68, Taiwan Weighted added by 589.40 points or 2.57% to 23,497.70, and KOSPI Index increased by 45.21 points or 1.85% to 2,487.13.

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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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