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Asian markets settle mostly down on Monday

06 Jan 2025 Evaluate
Asian markets settled mostly down on Monday ahead of the release of minutes from the US Fed's last meeting due on Wednesday and the US December payrolls report due on Friday, with Japanese markets led declines due to profit taking after the Nikkei index's year-end rally. Chinese and Hong Kong shares dropped, even after a private sector survey showed China's service activity expanded at a faster clip at the end of 2024. While the Chinese onshore yuan breached a key milestone for the first time since late 2023 amid reports that the PBoC will issue the largest-ever offshore yuan bonds in Hong Kong this month. However, Seoul shares gained after a court dismissed an appeal by lawyers of Yoon Suk Yeol against an arrest warrant for the impeached president.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,206.92

-4.51

-0.14

Hang Seng

19,688.29

-71.98

-0.37

Jakarta Composite

7,080.47

-83.96

-1.19

KLSE Composite

1,625.47

-3.99

-0.24

Nikkei 225

39,307.05

-587.49

-1.49

Straits Times

3,821.84

20.01

0.52

KOSPI Composite

2,488.64

46.72

1.88

Taiwan Weighted

23,547.71

639.41

2.72

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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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