financetom
World
financetom
/
World
/
Asian Stocks Mixed at Tuesday's Close as Global Markets Prep for Holiday Closure
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Asian Stocks Mixed at Tuesday's Close as Global Markets Prep for Holiday Closure
Dec 24, 2024 3:13 AM

05:49 AM EST, 12/24/2024 (MT Newswires) -- Asian bourses were mixed at Tuesday's close as global markets prepare to close for the holiday break.

Tokyo was down, while Hong Kong and Shanghai finished in the green.

The Nikkei 225 fell 0.3%, or 124.49 points, to 39,036.85 despite the Bank of Japan's minutes showing optimism over wage growth sustaining consumption and hitting the 2% inflation target.

According to minutes of the meeting, the bank's policymakers in October agreed to raise rates if economic forecasts hold but urged caution over US policy risks.

Top gainers include Honda Motor, which closed 12.2% higher, while Toho shed 6.2%.

In Hong Kong, The Hang Seng Index rose 1.1%, or 215.16 points, to close at 20,098.29. The Shanghai Composite Index added 1.3%, or 42.27 points, to 3,393.53.

Bloomberg data showed that Chinese mainland investors continued their buying streak of Hong Kong stocks for a sixth straight day, with net inflows of HK$5.23 billion on Tuesday.

The Hang Seng TECH Index was up 1.1%, while Mainland Properties Index rose 2.2%.

Leading the upside was Orient Overseas (International), with a 7.3% increase at the session's close, while China Resources Power Holdings was down 2.8%.

On the other regional exchanges, the S. Korean KOSPI was down 0.1%; the Taiwan TWSE added 0.1%; the Australian ASX 200 was 0.2% higher; the Singapore Straits Times Index was up 0.5%, and the Thai Set rose by 0.5%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
China yuan falls to four-month low, state banks step in
China yuan falls to four-month low, state banks step in
Mar 21, 2024
(Updates to midday) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low of...
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for...
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE, March 22 (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the...
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
Mar 21, 2024
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) - Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank had investors wagering on who...
Copyright 2023-2025 - www.financetom.com All Rights Reserved