Asian markets exhibited a mixed performance in early trading on November 18, 2024, with a tilt towards bullish sentiment across several key indices, while a few faced downward pressure.
The GIFT Nifty climbed 0.34% to 23,518, reflecting a bullish tone. This aligns with broader optimism as the index has surged 7.66% year-to-date, underlining strong investor confidence.
Japan's Nikkei 225, however, slipped 0.85% to 38,317.12, shedding 325.79 points. Despite its slight downturn today, the index remains significantly up 15.11% year-to-date, bolstered by robust corporate earnings earlier in the year. Analysts maintain a bullish outlook for the index over the long term.
The Straits Times in Singapore registered a minor gain of 0.06%, settling at 3,747.06. The index has shown a strong year-to-date gain of 16.01%, supported by positive developments in the region's economic recovery.
In Hong Kong, the Hang Seng Index surged 1.37% to 19,696.26, adding 269.92 points. This continues the index's impressive 17.32% year-to-date growth, driven by renewed investor confidence and government-backed stimulus efforts.
Meanwhile, Taiwan's Weighted Index dropped 0.87% to 22,546.93, signaling bearish sentiment amid global tech-sector concerns. However, the year-to-date gain of 26.29% reflects the sector's overall resilience.
South Korea's KOSPI climbed 2.14% to 2,469.68, reversing recent losses. Despite today's recovery, the index remains bearish with a -7.50% year-to-date performance, as it grapples with geopolitical risks and tech-market headwinds.
The Shanghai Composite rose 1.15% to 3,369.41, sustaining a bullish trajectory with a 13.74% year-to-date rise. China's reopening measures and ongoing support for domestic industries have bolstered market sentiment.
Asian markets remain heavily influenced by global economic trends, including U.S. interest rate policy, energy prices, and geopolitical developments. While the year-to-date performance of many indices points to optimism, short-term risks persist, particularly for export-driven economies.
Sumber : businessupturn.com
powered by: IPOTNEWS.COM
