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Asian markets trade in mostly green in early deals on Friday

17 Jan 2025 Evaluate
Asian markets traded in mostly green in early deals on Friday, kindled by the risk appetite in the market with the hopes over Fed interest easing cycle after the softer than expected rise in December US core inflation numbers. Moreover, strong Chinese economic data and affirmation of PBoC to provide more stimulus measures to stem the ailing Chinese economy also lifted the investor sentiments. Hang Seng advanced for the fourth straight session with the optimism over economic rebound of second largest economy.

Straits Times up by 14.36 points 0.38% to 3,815.49, Hang Seng rose by 34.02 points 0.17% to 19,556.91, Jakarta Composite climbed by 28.62 points or 0.40% to 7,136.14, Taiwan Weighted added by 120.31 points 0.52% to 23,145.41, Shanghai Composite lifted by 12.87 points or 0.40% to 3,248.90, and FTSE Bursa Malaysia KLCI enlarged by 5.32 points or 0.34% to 1,560.8.

On the flip side, Nikkei 225 down by 247.24 points 0.64% to 38,325.36, and KOSPI Index decreased by 1.92points or 0.08% to 2,525.57.

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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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