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Asian markets settle mostly down on Tuesday
Oct-08-2024
Asian markets settled mostly down on Tuesday tracking Wall Street’s overnight fall as Treasury yields climbed above 4% for the first time since August and after a Federal Reserve official urged a cautious path on interest-rate cuts, while investors were awaiting key US inflation readings and the release of the Fed's latest meeting minutes this week for further cues on the Fed's rate trajectory. Middle East conflict concerns has also weighed on market sentiments. Hong Kong shares led regional losses as a highly anticipated announcement on plans to boost China's ailing economy disappointed investors. Japanese markets fell as stronger yen dampened exporters' shares. Data showed that Japanese inflation-adjusted wages fell in August, while household spending also declined, fuelled chances of the central bank raising interest rates any time soon. However, Chinese shares gained as trade resumed after a weeklong holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,489.78

153.28

4.39

Hang Seng

20,926.79

-2,172.99

-10.38

Jakarta Composite

7,557.14

53.00

0.70

KLSE Composite

1,635.62

0.33

0.02

Nikkei 225

38,937.54

-395.20

-1.01

Straits Times

3,575.69

-23.50

-0.66

KOSPI Composite

2,594.36

-16.02

-0.62

Taiwan Weighted

22,611.39

-91.17

-0.40

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