December 06, 2024 05:00 GMT
ASIA STOCKS: China Strong Whilst Others Mixed.
ASIA STOCKS
- Chinese stocks are finishing the week strongly with the major indexes all up over 1%. Hang Seng +1.35%, CSI 300 +1.55%, Shanghai +1.23%, Shenzhen +1.50% with some market commentators speculating that there is a chance of further stimulus announcements in the coming day.
- The KOSPI is completing a horrible week given the political turmoil and is down -0.65%
- Indonesia’s Jakarta Composite is on track for a very strong week following the BI Governors suggestion that rates are on hold, today up +0.36% and looking to finish the week +3.00%.
- Malaysia’s FTSE KLCI is on track to finish over 1% up for the week, but is off today down -0.17%.
- India is opening up to a quiet start but is on track to finish the week over 2% better just as the RBI stays on hold, whilst cutting the cash reserve ratio for banks.
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