Asian markets started the week on a positive note on Tuesday, with most indices trading higher. This movement comes after comments from Federal Reserve Chair Jerome Powell suggested that recent cuts made by the US central bank should not be viewed as an indication of future aggressive moves.
Market Highlights
- GIFT NIFTY: Trading at 26,015.00, a slight increase of 8.50 points (0.03%).
- Nikkei 225: The index stood at 38,476.33, with a rise of 556.78 points (1.45%). The market’s overall sentiment remains bullish.
- Straits Times: Down by 8.63 points (-0.24%), currently at 3,576.66.
- Hang Seng: No change recorded; the last close was at 21,133.68.
- Taiwan Weighted: Up by 109.32 points (0.49%), trading at 22,333.86.
- KOSPI: No recent change, standing at 2,593.27.
- SET Composite: Unchanged at 1,448.83.
- Jakarta Composite: Trading higher at 7,561.93, gaining 34.00 points (0.45%).
- Shanghai Composite: No activity today, last closed at 3,336.50.
Market Closures
Markets in China are closed from October 1 to October 7, 2024, for rest days. This also impacts trading in some other Asian indices:
- Hang Seng is not active today.
- Nikkei trading is also halted.
- KOSPI remains closed as well.
Overall, while some Asian markets have shown bullish tendencies, closures in other regions have led to a mixed start for the week.
