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Asian markets trade mostly higher in early deals on Tuesday

07 Jan 2025 Evaluate
Most of the Asian markets traded higher in early deals on Tuesday, on account of risk appetite in the market after US President-elect Donald Trump dismissed a Washington Post report suggesting he would scale back his proposed tariff plans. AI driven rally in technological sector stocks kindled the local indices. Moreover, China’s effort to stabilize the stock market, including pledges for increased economic support and lower interest rates this year, supported investor sentiments. Japan’s Nikkei soared the most among Asian indices with the softer local currency yen and on optimism ahead to this week’s local wage data.

Nikkei 225 up by 906.47 points 2.31% to 40,213.52, Straits Times lifted by 7.78 points 0.20% to 3,829.62, Taiwan Weighted added by 286.89 points or 1.22% to 23,834.60, KOSPI Index increased by 9.55 points or 0.38% to 2,498.19, Jakarta Composite rose by 0.54 points or 0.01% to 7,081.01, and FTSE Bursa Malaysia KLCI advanced by 6.97 points or 0.43% to 1,632.44.

On the flip side, Hang Seng down by 379.24 points 1.96% to 19,309.05, Shanghai Composite shrunk by 10.14 points or 0.32% to 3,196.78.

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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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