SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Upwards on Asian Exchanges

The development pointed mostly upwards in the initial trading on the leading Asian stock exchanges.

» Published: 23 December 2024

Upwards on Asian Exchanges
Photo: Eugene Hoshiko/AP/TT

In Tokyo, the Nikkei 225 index was up 0.9 percent shortly after lunch, while the broader Topix pointed to a gain of 0.7.

In Hong Kong, the Hang Seng simultaneously pointed to a gain of 0.5 percent, and South Korea's Kospi index was up 1.6.

Shenzhen's composite index went against the trend and traded down, minus 1.3 percent, while Shanghai's composite index stood at a gain of 0.2 percent.

Economic statistics from the USA released on Friday suggested that inflation may not be as high as feared, which has given hope that the US central bank will further lower the interest rate.

The overall mood on the markets is still cautious ahead of the US's incoming president Donald Trump taking the reins in Washington, while China continues to show a weak economic recovery.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Dousa on the Tariff Threat: We Have a Few Cards to Play
1 MIN READ

Dousa on the Tariff Threat: We Have a Few Cards to Play

Trump: Tariffs will be felt
1 MIN READ

Trump: Tariffs will be felt

Elon Musk sues Lego for X boycott
1 MIN READ

Elon Musk sues Lego for X boycott

The warning: Beware of unknown pension shocks
3 MIN READ

The warning: Beware of unknown pension shocks

Stress highest when working remotely
3 MIN READ

Stress highest when working remotely

The Neighbors and China Give a Tough Response to Trump's Tariffs
2 MIN READ

The Neighbors and China Give a Tough Response to Trump's Tariffs

Trump has signed a decision on tariffs
1 MIN READ

Trump has signed a decision on tariffs

So Sweden can be hit by Trump's tariffs
3 MIN READ

So Sweden can be hit by Trump's tariffs

Tariffs to wait for after Trump's tariffs
2 MIN READ

Tariffs to wait for after Trump's tariffs

After the Wave of Violence – Anxiety Among Many Entrepreneurs
2 MIN READ

After the Wave of Violence – Anxiety Among Many Entrepreneurs

Now Trump imposes tariffs - EU may be next in line
2 MIN READ

Now Trump imposes tariffs - EU may be next in line

Altman on OpenAI: "On the wrong side of history"
1 MIN READ

Altman on OpenAI: "On the wrong side of history"

Down on Wall Street - but up in January
1 MIN READ

Down on Wall Street - but up in January

Trump threatens with tariffs on oil and chips
3 MIN READ

Trump threatens with tariffs on oil and chips

Google ends criticized news experiment
2 MIN READ

Google ends criticized news experiment

USA inflation stays put
1 MIN READ

USA inflation stays put

German Inflation Falls Unexpectedly
1 MIN READ

German Inflation Falls Unexpectedly

Coordinator: Establish a State Nuclear Power Company
1 MIN READ

Coordinator: Establish a State Nuclear Power Company

The State Sells Lernia
1 MIN READ

The State Sells Lernia

Japan is forced to tap into its reserves
1 MIN READ

Japan is forced to tap into its reserves