Asian markets presented a mixed performance by mid-day as investors digested key developments in the region:
- Japan’s Nikkei 225 rose by 0.77%, gaining 292.53 points to trade at 38,318.7, supported by strong corporate earnings and positive economic data.
- Taiwan’s Index led the gains with a 1.55% increase, adding 348.66 points to reach 22,904.32.
- South Korea’s KOSPI climbed 0.85%, up 21 points, at 2,501.63, boosted by tech sector strength.
- Australia’s ASX 200 rose 0.85%, gaining 70.8 points, trading at 8,393.8.
Conversely, Chinese markets struggled:
- Shanghai Composite Index fell 1.97%, dropping 66.46 points to 3,303.95.
- Shenzhen Index declined 2.2%, down 237.56 points, at 10,582.32.
- Hong Kong’s Hang Seng Index slid 1.75%, losing 342.82 points to trade at 19,258.29.
India’s Nifty 50 gained 0.88%, rising 205.15 points to 23,555.05, while Singapore’s STI was up 0.15%, trading at 3,744.65.
China-focused indices like SGX-CNBC China Growth Index also faced pressure, dropping 1.57%.
The region’s performance reflects mixed investor sentiment, with strength in developed markets like Japan and Australia contrasting with weakness in China amid lingering economic concerns.
