Asian Markets and Financial Insights China’s Short-Selling Curbs Impact Asian Markets

Daily Market Recaps (no fluff)

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Japanese market (NKY:IND) is up by 0.77%.

Chinese market (SHCOMP) experiences a decline of 0.92% as regulators enforce curbs on short-selling in a bid to stabilize the market.

Hong Kong market (HSI) shows an increase of 0.63%.

Indian market (SENSEX) gains 1.55%.

Australian market (AS51) rises by 0.30%.

Meanwhile, Singapore’s monetary policy remains unchanged amidst a slowdown in inflation.

The trade surplus in Qatar narrows to QAR 18.7B in December 2023.

The consumer confidence index in Taiwan rises to 72.14 in January 2024.

Additionally, Malaysian palm oil futures fall over 1%, staying below MYR 3,970 per tonne, and slipping for the first session in four amidst weakness in rival edible oils.

The annual inflation rate in Vietnam declines to 3.37% in January 2024.

In the U.S. on Friday, stocks had mixed results, but Wall Street achieved its third straight weekly gain. The S&P 500 (SP500) rose by 1.06% for the week, while the Nasdaq (COMP.IND) rose by 0.94%, and the Dow (DJI) rose by 0.65%.

Looking ahead, U.S. stock futures display mixed performance with the Dow down by 0.07%, the S&P 500 by 0.03%, and the Nasdaq up by 0.08%.

Furthermore, better than expected U.S. GDP data and low inflation have provided some buoyancy to recession fears. Investors are eagerly anticipating upcoming earnings reports this week.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).

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