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Asian markets trade mostly higher in early deals on Tuesday

21 Jan 2025 Evaluate
Asian markets traded mostly higher in early deals on Tuesday, whetted by the risk appetite in the market after US President Donald Trump refrained from imposing new China-specific tariffs on his first day in office. Investor sentiments also got buoyed as the US President called for allies to increase defence spending. Meanwhile, China's President Xi Jinping urged policymakers to implement more proactive macroeconomic policies this year to sustain growth momentum. Hang Seng advanced the most among Asian indices, holding at its highest in three weeks. Gains in Japan’s Nikkei remained trimmed as investors side-lined ahead of the Bank of Japan's upcoming monetary policy decision this week.

Nikkei 225 up by 28.30 points 0.07% to 38,930.80, Hang Seng rose by 223.55 points 1.12% to 20,149.36, Jakarta Composite climbed by 16.91 points or 0.24% to 7,187.65, Taiwan Weighted added by 52.32 points 0.22% to 23,319.14, KOSPI Index increased by 3.13 points or 0.12% to 2,523.18, Shanghai Composite lifted by 5.47 points or 0.17% to 3,249.85, and FTSE Bursa Malaysia KLCI enlarged by 6.78 points or 0.43% to 1,579.12.

On the flip side, Straits Times down by 18.51 points 0.49% to 3,789.46.

About MoneyWorks4Me

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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