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Asian markets trade mostly lower in early deals on Wednesday

08 Jan 2025 Evaluate
Most of the Asian markets traded lower in early deals on Wednesday, saddled by the ambiguity in Fed interest rate cut outlook amidst better than expected US economic data. Meanwhile, US curbs on some of China’s biggest tech firms heightened tensions with the US, just weeks before Trump's inauguration. Hang Seng tumbled the most among Asian indices, marking third straight session of losses. Japan’s Nikkei also declined in the session in tandem with negative Wall Street overnight and on stronger local currency yen.

Nikkei 225 down by 97.98 points 0.24% to 39,985.32, Taiwan Weighted slipped by 184.53 points or 0.78% to 23,466.74 , Hang Seng diminished by 309.70 points 1.62% to 19,137.88, Shanghai Composite shrunk by 47.16 points or 1.48% to 3,182.48 and FTSE Bursa Malaysia KLCI declined by 7.94 points or 0.49% to 1,621.85.

On the flip side, Straits Times up by 24.48 points 0.64% to 3,852.65, Jakarta Composite rose by 4.17 points or 0.06% to 7,087.45, and KOSPI Index increased by 26.16 points or 1.05% to 2,518.26.

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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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