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Asian markets trade mostly higher in early deals on Thursday
Oct-17-2024
Asian markets traded mostly higher in early deals on Thursday, due to risk appetite in the market amidst dovish outlook by several major central banks. A rebound on Wall Street overnight with the strong corporate earnings lifted market sentiments. Tech, consumers, and financial sector stocks led the gains. Hang Seng rebounded after three straight sessional losses, followed by the briefing of Hong Kong leader John Lee about easing mortgage curbs, and cut the duty for liquor from 100% to 10% for drinks with over 30% alcohol content. 

Hang Seng up by 174.01 points 0.85% to 20,460.86, Straits Times rose by 29.43 points 0.82% to 3,620.05, Jakarta Composite higher by 74.03 points or 0.95% to 7,722.97, and Shanghai Composite added 3.00 points or 0.09% to 3,205.95, Taiwan Weighted dipped by 68.35 points or 0.30% to 23,079.33, and FTSE Bursa Malaysia KLCI higher by 4.93 points or 0.30% to 1,637.56.

On the flip side, Nikkei 225 down by 218.76 points 0.57% to 38,961.54, KOSPI Index diminished by 4.92 points or 0.19% to 2,605.44.

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