• Mon, Mar 2, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

10 December 2024 07:33  |

Asia markets open mostly higher as China stimulus plans boost sentiment

Asia-Pacific markets opened mostly higher Tuesday, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data.

Traders in Asia assessed Beijing’s announcement of “more proactive” fiscal measures and “moderately” looser monetary policy next year aimed at boosting domestic consumption.

The news, which came from an official readout late Tuesday after mainland China market had closed, sent Hong Kong’s Hang Seng index nearly 3% higher.

Hang Seng index

 futures were at 21,359, higher than the HSI’s last close of 20,414.09.

Investors also await an interest rate decision from Australia set for later in the day. A poll from Reuters expects the Reserve Bank of Australia to hold the benchmark rate at 4.35% for the 10th consecutive time.

Australia’s S&P/ASX 200 was trading down 0.25%.

Source: CNBC

Related News

MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

European markets close higher Oil and gas stocks retreat

European markets closed higher Monday, gaining ground through the afternoon as investors reviewed the geopolitical situation ...

29 October 2024 11:01
MARKET UPDATE

European Markets Set to Open Lower Ahead of European Growth...

European markets are heading for a negative open on Wednesday as investors await the latest growth data from the region, the ...

30 October 2024 13:24
HANGSENG

Hang Seng Ends 0.4% Higher Amid Upbeat Wall Street Sentimen...

The Hang Seng rose 87 points, or 0.4%, to close at 19,664 on Tuesday (11/19), marking its second session of gains amid positi...

19 November 2024 15:25
BIAS23.com NM23 Ai