Asian markets exhibited varied performance at mid-day on October 8, 2024, as investors navigated through mixed signals across the region. The Hang Seng saw the sharpest decline, dropping by 8.89% to 21,213.81, driven by ongoing concerns about the broader economic environment in Hong Kong and China. Similarly, Japan’s Nikkei 225 index slipped 1.01%, trading at 38,937.54, as global uncertainties weighed on investor sentiment.
In contrast, the Shanghai Composite displayed resilience, surging by 2.57% to 3,424.55, benefiting from optimism following recent policy support announcements aimed at boosting economic growth. The Kospi index in South Korea, however, remained subdued, posting a decline of 0.50% to 2,597.33 as investors awaited further economic data.
The mixed trends across the region underscore the ongoing uncertainty, with markets reacting differently based on local economic cues and developments.
