Asian stock markets displayed a mixed trend on December 27, reflecting varied economic conditions and investor sentiment across the region.
Key Market Performances:
- Shanghai Composite: The Chinese market edged up slightly, closing at 3,401.32, gaining 0.10%. Optimism around potential policy easing supported sentiment.
- Nikkei (Japan): The Japanese benchmark surged by 506.5 points (+1.28%) to 40,074.56, driven by a weaker yen and strong performances in the technology and export sectors.
- Shenzhen: Shenzhen’s index rose by 0.29% to settle at 10,704.49, indicating investor confidence in domestic growth prospects.
- KOSPI (South Korea): South Korea’s index, however, dropped sharply by 1.44% to 2,394.73, weighed down by concerns over global economic slowdown and declining chip exports.
- ASX 200 (Australia): The Australian market gained 0.43% to close at 8,256.40, supported by strength in mining and energy stocks.
- Nifty 50 (India): India’s benchmark remained unchanged at 23,750.20, reflecting cautious optimism among investors.
- Hang Seng (HSI, Hong Kong): The Hong Kong market fell marginally by 0.09%, closing at 20,080.62, amid concerns about property sector instability.
Other Notable Indices:
- Singapore’s STI rose 0.20% to 3,768.86.
- Taiwan’s Index increased 0.33% to 23,324.47, continuing its steady recovery.
- Malaysia’s Market gained 0.95%, supported by banking and consumer sectors.
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