Asian Markets Update: Hang Seng falls 4.02%, KOSPI edges down 1.13%, Shanghai Composite sheds 0.40%

Asian markets were broadly in the red on January 13, 2025, as key indices saw significant losses amid cautious investor sentiment. Here is a detailed snapshot of the market performance:

Market Overview:

Advertisement

  • Hang Seng (Hong Kong): The index recorded a steep fall of 4.02%, ending the session at 18,833.72 points. Weak earnings reports and concerns over economic recovery contributed to the decline.
  • Taiwan Weighted: Declined 1.97%, closing at 22,557.94 points, driven by pressure on technology stocks.
  • KOSPI (South Korea): Dropped by 1.13%, finishing at 2,487.38 points as concerns over global demand weighed on sentiment.
  • Shanghai Composite (China): Fell 0.40%, settling at 3,155.75 points amid mixed signals about economic growth.
  • Straits Times (Singapore): Down 0.60%, ending at 3,778.76 points as investors treaded cautiously.
  • SET Composite (Thailand): Declined 0.81%, closing at 1,357.06 points.
  • Jakarta Composite (Indonesia): Dropped 0.45%, ending at 7,056.86 points.

Other Updates:

  • Nikkei 225 (Japan): The index was closed today due to a public holiday.
  • GIFT Nifty (India): Witnessed a marginal dip of 0.01%, ending at 23,327.00 points.

While most markets in Asia posted losses, KOSPI’s minor dip and the Shanghai Composite’s limited decline showed relatively better resilience compared to others like the Hang Seng, which saw a significant slide. Investors remain focused on global economic cues and corporate earnings for further direction.

Stay tuned for further updates.

Disclaimer: This update is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making investment decisions.