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Asian markets settle mixed on Friday

24 Jan 2025 Evaluate
Asian markets settled mixed on Friday. At the World Economic Forum in Davos, Switzerland, US President Donald Trump has warned global business leaders they will face tariffs for products made outside of the US, while also said he would press the US Federal Reserve to lower interest rates immediately and ask OPEC and Saudi Arabia to bring down the cost of oil. Chinese and Hong Kong shares gained after US President Donald Trump said that his recent conversation with Chinese President Xi Jinping was friendly and that he would rather not impose tariffs on China, suggesting a potentially softer stance on tariffs against the country. Meanwhile, the Chinese government is urging local mutual funds and insurers to increase their stock investments, aiming to improve its struggling equity market amid escalating trade tensions with the United States. Japanese shares ended almost unchanged as the Bank of Japan hiked the short term rate target by 25 basis points as expected and new data showed core inflation rose last month at the fastest pace in 16 months.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,252.63

22.47

0.69

Hang Seng

20,066.19

365.63

1.82

Jakarta Composite

7,166.06

-66.58

-0.93

KLSE Composite

1,573.73

-3.47

-0.22

Nikkei 225

39,931.98

-26.89

-0.07

Straits Times

3,804.26

-2.31

-0.06

KOSPI Composite

2,536.80

21.31

0.84

Taiwan Weighted

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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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