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Asian markets trade mostly higher in early deals on Tuesday

14 Jan 2025 Evaluate
Most of the Asian markets traded higher in early deals on Tuesday, kindled by the risk appetite in the market ahead to key US economic data releases this week, including the producer and consumer inflation figures, along with retail sales and weekly jobless claims. Investor sentiments boosted with the optimism that President-elect Donald Trump will take a cautious and slow approach in implementing tariff hikes to avoid an inflation spike. Meanwhile, investors eyed on  Bank of Korea's upcoming monetary policy decision later this week, with the expectations for a third consecutive interest rate cut. Hang Seng rebounded after six consecutive loss sessions after China’s move to permit domestic firms to raise more funds from overseas.

Hang Seng surged by 266.99 points 1.39% to 19,141.13, Taiwan Weighted up by 216.22 points or 0.96% to 22,704.55, KOSPI Index increased by 10.42 points or 0.42% to 2,499.98, Shanghai Composite rose by 55.24 points or 1.72% to 3,216.00, and FTSE Bursa Malaysia KLCI lifted by 7.27 points or 0.46% to 1,592.86.

On the flip side, Nikkei 225 down by 812.09 points 2.07% to 38,378.31, Straits Times slipped by 5.24 points 0.14% to 3,786.46, and Jakarta Composite diminished by 37.96 points or 0.54% to 6,978.92.

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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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