The Asian markets concluded Tuesday’s trade mostly in green, the last day of the year with markets in South Korea, Japan and Indonesia were closed for New Year’s Eve. Markets were also cautious ahead of China’s official manufacturing data due on Wednesday, with investors widely expecting a slowdown in factory activity. Investors have long been concerned about high levels of debt in China, and uncertainty over the local banking system’s exposure to bad debt. This year in particular, rising money-market rates shook confidence in the Chinese stock market and contributed to its fourth consecutive year of poor performance. China’s central bank stated that it would continue with a prudent monetary policy, maintain an appropriate level of liquidity and bring about the reasonable growth of credit.
Calls for China to accelerate financial reforms grew louder after figures showed its indebted local governments owe nearly $3 trillion in a debt build-up. The National Audit Office, China’s state auditor, reported that local governments had total outstanding debt of 17.9 trillion yuan at the end of June, a sum that includes contingent liabilities and debt guarantees. Hong Kong’s total exports’ value rose 5.8% to $325.5 billion over a year earlier, compared to a year-on-year increase of 8.8% in October. Within this total, re-exports’ value rose 6% to $320.9 billion, while that of domestic exports fell 10.4% to $4.6 billion. Concurrently, imports’ value increased 5.2% to $370.1 billion, compared to a year-on-year increase of 6.3% in October. South Korean CPI rose to a seasonally adjusted annual rate of 1.1%, from 0.9% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2115.98 | 18.45 | 0.88 |
Hang Seng | 23306.39 | 61.52 | 0.26 |
Jakarta Composite | - | - | - |
KLSE Composite | 1866.96 | -5.56 | -0.30 |
Nikkei 225 | - | - | - |
Straits Times | 3167.43 | 14.14 | 0.45 |
KOSPI Composite | - | - | - |
Taiwan Weighted | 8611.51 | -11.92 | -0.14 |
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.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: