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Asian markets trade mixed in early deals on Tuesday

28 Jan 2025 Evaluate
Asian markets traded mixed in early deals on Tuesday, with most of the indices closed for Lunar New Year holidays. Stock market of Hong Kong, China, Taiwan, Indonesia and South Korea are closed for the day. Market participants sidelined ahead to the monetary policy announcements from the Bank of Canada, the US Fed and the European Central Bank later in the week. Japan’s Nikkei plunged with the selloff in chip-related stocks followed by decline in US AI value chain. Hawkish stance from the Bank of Japan also pressured the investments.

Nikkei 225 down by 465.21 points 1.18% to 39,100.59, and FTSE Bursa Malaysia KLCI declined by 9.43 points or 0.60% to 1,549.54.

On the flip side, Hang Seng rose by 27.34 points 0.14% to 20,225.11, and Straits Times up by 14.55 points 0.38% 3,811.26.

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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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