Asian markets displayed mixed performances on October 2, 2024, as investors reacted to varied economic indicators and global trends. While some indexes showed significant gains, others struggled to stay afloat.
Key Highlights:
- Hang Seng stood out with a strong performance, surging by 1,175.38 points (5.56%) to close at 22,309.06. This remarkable rise points to investor optimism in Hong Kong markets, potentially driven by positive news in the local economy or recovery hopes.
- Nikkei 225 experienced a sharp decline, losing 572.00 points (1.48%) to end at 38,079.97. This drop suggests concerns among Japanese investors, possibly tied to macroeconomic conditions or global market influences.
- Straits Times managed a modest gain, inching up by 12.78 points (0.36%) to close at 3,593.74, suggesting a balanced market with moderate optimism.
- Taiwan Weighted remained unchanged at 22,390.39, reflecting a neutral stance from investors, awaiting clearer economic signals.
- KOSPI from South Korea declined by 3.57 points (0.14%) to close at 2,589.70, indicating slight bearish sentiment in the market.
- SET Composite from Thailand dropped slightly by 1.27 points (0.09%) to 1,463.39, while Jakarta Composite in Indonesia faced a more significant loss, down by 55.53 points (0.73%) to 7,586.60.
The Asian markets on October 2, 2024, reflected a varied response to both global and domestic factors. The standout performance of Hong Kong’s Hang Seng contrasted with the declines in Japan’s Nikkei. Investors across the region appeared cautious, reacting to the prevailing economic conditions and awaiting further developments in the global market environment.
Data as of 9:10 IST, October 2, 2024
