As of the mid-day trading session on October 22, 2024, major Asian markets are experiencing mixed trends with a focus on declines across key indices.
- Nikkei 225 has dropped sharply by 1.41%, trading at 38,411.96 as it continues its downward momentum. Investors appear cautious amid global economic concerns.
- Kospi from South Korea is down by 1.23% at 2,573.27, reflecting bearish sentiment in the market as technology stocks led the losses.
- Hang Seng index in Hong Kong has also seen a decline, falling by 0.34% to 20,409.80. Investors remain cautious despite earlier optimism in real estate and tech sectors.
- Straits Times in Singapore is down slightly by 0.30%, trading at 3,603.80, following global market cues.
However, some markets are showing resilience:
- Taiwan Weighted remains largely stable, down only 0.03% at 23,535.43, indicating investor confidence amid mixed global cues.
- The Shanghai Composite has only dipped 0.16% to 3,262.79, with gains seen earlier in energy stocks offsetting losses elsewhere.
- SET Composite in Thailand and Jakarta Composite in Indonesia saw marginal declines of 0.42% and 0.23%, respectively, reflecting cautious sentiment across Southeast Asian markets.
Despite these declines, GIFT Nifty remained stable with a minor loss of 0.13%, reflecting the overall uncertainty in Asian markets.
