The Asian markets presented a mixed performance on October 11, 2024, with gains in Japan’s Nikkei and South Korea’s KOSPI, while China’s Shanghai Composite saw a decline.
Nikkei 225: Japan’s Nikkei 225 rose by 0.59%, gaining 231.93 points to close at 39,612.82. The index benefited from positive sentiment in the domestic market as it continued to show resilience in the face of global market uncertainties.
KOSPI: South Korea’s KOSPI index edged up by 0.25%, closing at 2,605.70, with a gain of 6.54 points. The index saw modest growth, reflecting cautious optimism in the South Korean economy.
Shanghai Composite: The Shanghai Composite index, however, declined by 1.19%, losing 38.95 points to close at 3,262.98. Investors in China remained concerned about economic data, leading to a sell-off in the market.
As the Asian markets continue to react to global developments, investors will be watching closely for further market cues, particularly from key economic data releases and policy decisions.
