Global

World Stock Market Index US Markets

The US market led the gains on the strength of positive economic indicators, but the global market had a mixed week overall. All three major US indexes—Dow Jones, S&P 500, and Nasdaq—closed the week higher. 

In the US, personal income increased by 0.6% in October—a little more than anticipated—and consumer sentiment remained solid. Additionally, pending home sales exceeded forecasts of a decrease, increasing by 2% in October. However, the manufacturing sector appeared to remain in a slump during October. 

Geopolitical factors were also major drivers of sentiment during the week, as the tariff war is expected to get worse during President Trump’s tenure. 

World Stock Market Index European Markets

On the other hand, the accelerated pace of inflation for the second consecutive month in the Eurozone area is impacting retail sales. In Germany, retail sales fell 1.5% sequentially in October, much exceeding the predicted 0.5% drop. Also, in the UK, retail sales volumes fell sharper than estimated in November, and the retail sector’s confidence index was the lowest in two years.

This can result in the European Central Bank delaying the lowering of borrowing costs next month to support growth. 

World Stock Market Index Asian Markets

The lack of any specific triggers caused major Asian indexes to trade on a volatile note. In China, increasing hopes of more stimulus packages to spur growth are helping to offset the tariff concerns. Also, the rising dollar is a major concern, as economies in Asia depend heavily on dollars for their crude purchases, affecting the balance of payment. 

In India, slower-than-expected GDP growth in the second quarter of FY25 dampened the mood. The GDP growth of 5.4% during the quarter was the slowest in the last seven quarters and below the RBI estimate of 7%. 

Top Highlights of the Global Stock Market This Week

• The US stock market concluded November on a strong note, posting its greatest monthly gains this year. Dow Jones and S&P 500 indexes gained 6.57% and 3.76%, respectively.
  
• The US Black Friday sales on November 29th is showing strong online sales despite the inflation concerns. Data from the National Retail Federation shows, it is expecting a record 183.4 million people to make online purchases, slightly up from 182 million in 2023. Adobe Analytics said US consumers had spent $7.9 billion online as of Friday, and expected the final tally to exceed $11 billion at the end of the weekend. 

• Inflation in the Eurozone area rose to 2.3% in November, above the European Central Bank’s target of 2%. 

• Despite the challenges in the German economy due to the slowing down of the manufacturing sector, the unemployment rate was 5.9% in November. The number of unemployed people during the month rose by 7,000 to reach 2.86 million, a smaller-than-expected increase of 20,000. 

• Canada’s GDP growth in the July-September quarter slowed to 1%, further paving the way for rate cuts. Additionally, Trump’s tariff plan on Canada can derail the country’s future growth plan.

• The Bank of England has issued significant warnings about rising government debt, which could threaten financial stability and increase global borrowing costs. The Office for Budget Responsibility anticipated that the UK national debt would increase from £2.7 trillion at the end of the previous fiscal year to £3.4 trillion by the end of the decade.
  
• The Russian economy is showing signs of weakness and instability. Its currency, the Ruble, plunged to its lowest level since the early days of the Ukraine invasion in March 2022.
  
• China’s manufacturing PMI crossed the 50 mark in November for the first time since April. It is the second consecutive month of expansion, and a series of recent stimulus measures are gradually showing their effect.
  
  However, Morgan Stanley analysts predict a volatile 2025 for China’s stock market, citing lower earnings, geopolitical uncertainties, and probable tariffs.
  
• India’s GDP growth slowed to 5.4% in the July-September quarter, below the expected line, further putting pressure on the RBI growth forecast of 7.2% in FY25. In the April-June quarter, the GDP growth was 6.2%. 

Key Events to Watch in Global Markets in the Upcoming Week

• The Federal Open Market Committee (FOMC) will release its meeting minutes, possibly providing insights into the Federal Reserve’s plan for future interest rate decisions and the December rate cut. 

• Another important dataset to monitor next week is the US non-farm payroll data, which will be crucial to understanding the state of the US economy and labor market. 

• The European Central Bank’s policy decisions and statements will be closely watched for any changes in monetary policy amidst rising inflation levels above the target and increasing risk of recession in the region.

• Investors will also focus on China’s export and import data, which can give clues about global demand and domestic consumption. 

• The OPEC + meeting on crude production and supply cuts is scheduled for December 5th. The group will discuss whether to continue increasing production by 180,000 barrels a day in January amidst the softening crude price. Brent Crude is trading around the $70 level and showing signs of weakness.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The global stock market recovered some of the previous week’s losses despite the uncertainty surrounding incoming President Trump’s administrative policies. Escalating geopolitical tension stemming from Russia-Ukraine added to the uncertainty. 

On the other hand, the market is discussing the strength of the US dollar. In the last 30 days, the Dollar Index strengthened by 3.1%. If the momentum continues, it could hurt emerging economies. 

Brent Crude continued to trade under downward pressure, hovering around the $70 level. Gold, which was going strong through 2024, now faces some selling pressure and traded flat during the week. 

Let’s look at how the major stock market indices performed this week.

World Stock Market Index US Markets

The US market displayed strength during the week, supported by better-than-expected PMI data. Both the manufacturing and services sector PMIs reported were up during the month. 

Also, Nvidia’s third-quarter result appeared to satisfy investors, driving optimism in the market. Google parent Alphabet’s share seemed to be under pressure as the Department of Justice proposed breaking up the internet search giant to maintain transparency and fair gameplay. 

Let’s check how the top US indices performed during the week.

Dow Jones

The rally in Boeing shares supported the Dow Jones 30 stock index, which rose nearly 1% on Friday and posted a total gain of 1.96% week-on-week. 

S&P 500

Better economic data and improved consumer sentiment reports supported the S&P 500 index higher during the week. On Friday, the index was up by 0.35%, and on a weekly basis, it was up by 1.68%.

Nasdaq

The Nasdaq was flat on Friday due to selling in Nvidia and Alphabet. At the end of Friday, it was up 0.20%, while the index concluded 1.77% higher on a weekly basis. 

World Stock Market Index European Markets

Rising hopes of another rate cut by the European Central Bank (ECB) in December after multiple economic indicators signaled a deterioration in the economic outlook drove the market higher. 

The HCOB Flash Eurozone Composite PMI Output Index fell to a 10-month low of 48.1 in October, as growth in the manufacturing sector contracted and the services sector struggled, indicating a recession-like situation. 

Now, let’s look at how different economies performed during the week. 

FTSE 100

The Weaker Pound drove the UK market higher during the week. The decline in the currency is beneficial for the UK economy as most of the large companies are export-driven, and the dollar’s strength could aid revenue growth. 

On Friday, FTSE 100 was up by 1.37%, and on a week-on-week basis, it was up by 1.17%.

CAC 40

The Paris stock index, CAC 40, closed higher on Friday by 0.57%, supported by gains in healthcare stocks, consumer goods, and technology. However, the index was down by 1.56% on a weekly basis.

DAX

Increasing geopolitical risks and deteriorating economic conditions in Europe resulted in a weak stock market index in Germany, Europe’s largest economy. On Friday, the DAX was up by 0.91%, but on a week-on-week basis, it was down by 0.26%. 

World Stock Market Index Asian Markets

Asian stocks continued to trade volatile during the week, as mixed signals from the global market kept investors looking for signals. Uncertainty around the Chinese economic revival is also adding to the volatility.  

Now, look at how the major stock market index performed during the week.

Nifty 50

Despite the volatility arising from the sell-off in Adani Group stocks, the Indian stock market displayed resilience. On Friday, the Nifty 50 closed 2.39% higher, and on a week-on-week basis, it ended 1.86% higher. 

Nikkei 225

Gains in gas and water, transportation equipment, and banking stocks led to 0.67% gains in Nikkei 225. However, heightened geopolitical tensions and uncertainty around Trump administration policies dented investors’ risk appetite. On a weekly basis, the index was down by 2.69%. 

Straits Times

Singapore’s primary stock market index, Straits Times, traded positively during the week. During Friday’s session, it was up by 0.18%, and on a week-on-week basis, it closed 1.94% higher. 

Hang Seng

Chinese stocks fell as fears about the impending Trump government policies curbed risk appetites. Officials in Beijing have hinted at additional stimulus measures in the near term, including the possibility of lowering the reserve requirement ratio for domestic banks to boost growth. 

In Hong Kong, the benchmark Hang Seng Index declined 1.93% on Friday; on a week-on-week basis, it fell sharply by 8.22%. 

Taiwan Weighted

Following the global cues, Taiwan’s primary stock market index, the Taiwan Weighted Index, traded positively during Friday’s session. It was up by 1.52% at the end of Friday’s session. On a week-on-week basis, it closed 2.16% higher. 

KOSPI

Positive trade data lifted South Korean stocks on Friday, closing with 0.82% gains. However, the index closed lower by 2.56% due to higher volatility during the week. 

SET Composite

Thai stocks traded flat On Friday, with the index rising slightly by 0.40%. And, on a weekly basis, the index lost 1.59%

Jakarta Composite

The Indonesian stock market index, Jakarta Composite, was up 0.77% on Friday, helping it recover some of its losses during the week. It closed 0.67% lower. 

Shanghai Composite

Heightened uncertainty around the Chinese economy caused the Shanghai Composite to trade lower by 3.16% on Friday. On a week-on-week basis, the index was down by 5.86%. 

Wrapping Up

This week, global stock markets showed mixed trends. US markets gained strength thanks to good economic data and Nvidia’s positive results. In Europe, weak economic indicators raised fears of a slowdown, while Asian markets remained volatile due to Chinese economic concerns and geopolitical tensions.

Amid these evolving dynamics, investors should remain cautious as they navigate these global uncertainties and sector-specific challenges.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The news of China’s stimulus package to shore up the falling economy boosted the global stock market. Also, the outperformance in technology, chemical, and material stocks supported the market to move higher on expectations of a rebound in Chinese demand.

Crude Oil has found some support and was steady during the week. Brent Crude gained close to 1% during the week and is trading close to $75 level. On the other hand, Gold is continuing to experience upward pressure in prices and has gained 3% during the week, taking the total yearly gains to close to 30%. 

Now, let’s take a look at how the major stock market indices did this week.

World Stock Market Index US Markets

The US stock market indices were steady during the week and gained slightly during the week. Cooling inflation data has once again sparked optimism for further rate cuts and accommodative monetary policy. However, the news of falling consumer confidence in August resulted in a bit of volatility in the market. 

Let’s check how the top US indices performed during the week. 

Dow Jones

Supported by cooling inflation data, the Dow Jones Industrial Average hit a new record high level on Friday. It was up by 0.33% at the end of the day, and on a weekly basis, the index was up by 0.59%. 

S&P 500

The release of consumer confidence and weaker-than-expected personal spending and personal income reports put some pressure on the S & P 500 index on Friday. It closed 0.13% lower. On a week-on-week basis, the index gained 0.62%, maintaining the positive momentum.  

Nasdaq

Profit booking in top tech stocks like Nvidia, AMD, and Micron pulled the index down on Friday and closed 0.39% lower. But, on a week-on-week basis, the index was up by 1%. 

World Stock Market Index European Markets

Following the global cues, the European stock market traded with a positive bias. However, the fading of the Olympic effect has resulted in shrinking of business activity in the Eurozone area in September. Manufacturing activity is contracting at a faster pace, which is a cause of worry for investors. 

Now, let’s look, how different economies performed during the week. 

FTSE 100

The UK economy is showing signs of improvement as Private sector activity has now expanded for the 11th month in running. Inflation has now eased across the economy to a 42-month low level. On Friday, FTSE 100 traded sideways, but was steady. It increased by 0.43% and on a week-on-week basis, it was up by 0.62%.

CAC 40

Gains in consumer goods, technology, and consumer services drove France’s primary stock market index, CAC 40 higher during the week. In Friday’s session, it was up by 0.64% and on a weekly basis, the index was up by 3.88%. 

DAX

German business activity has declined the most in seven months as business morale and consumer confidence remained low in September, adding to signs that the economy might be entering a recession. 

However, the German stock market traded on a positive note, following the global cues. On Friday, DAX was up by 1.21% and on a week-on-week basis, the index was up by close to 5%. 

World Stock Market Index Asian Markets

The leading Asian stock market indices were fuelled by rising expectations of accomodative monetary policy from the Fed and China’s economic stimulus. Also, domestic factors contributed to the rising market. 

Let’s now have a look, how the major stock market index performed during the week. 

Nifty 50

The Nifty 50 continues to trade with a positive bias, and once again reached a new all-time high level. On Friday, the index closed slightly lower by 0.16% on account of profit booking from the higher level. But, on a week-on-week basis, Nifty 50 gave a positive closing at 1.09%.

Nikkei 225

Supportive global factors, and dovish Bank of Japan are providing favorable support to the Japanese stock market. Nikkei 225 closed 2.27% higher at the close on Friday, and the week and the index closed 7.51% higher. 

Straits Times

Singapore’s primary stock market index, Straits Times traded sideways during Friday’s session and was slightly down by 0.25% and on a week-on-week basis, it closed higher by 3.84%.

Hang Seng

Chinese stocks surged after Beijing announced the economic stimulus package. The stocks in Hong Kong stock market also benefited. On Friday, Hang Seng index was up by 3.43%, taking the weekly cumulative gains to 18.19%. 

Taiwan Weighted

Taiwan’s primary stock market index, Taiwan Weighted Index, traded flat on Friday, and was slightly down by 0.16%. On a week-on-week basis, it was up by 8.20%. 

KOSPI

Profit booking in South Korean shares led the country’s primary stock market index, KOSPI, to trade lower, down 0.82%. However, it closed the week on a positive note, up 2.67%. 

SET Composite

Thai stocks traded flat on Friday, closing down 0.34%. However, on a weekly basis, the index rose 6.20%, allowing it to maintain its strong bullish momentum for another week.

Jakarta Composite

The Indonesian stock market index, Jakarta Composite, fell 0.62% on Friday. On a weekly basis, the index rose 0.31%.

Shanghai Composite

The Shanghai Composite Index climbed 10.89% at the end of the week, marking the best ever performance by the index in recent times. On Friday, the index was up by 2.80%. 

Wrapping Up

The global stock markets have shown positive momentum this week, largely fueled by China’s stimulus package aimed at reviving its economy. Sectors like technology, chemicals, and materials saw significant gains on hopes of increased Chinese demand. Crude oil prices also stabilized, while gold continued its upward trend, reflecting growing investor interest.

Despite these positive signs, the road ahead remains uncertain. Investors should stay cautious and keep an eye on global developments as market dynamics evolve in the coming weeks.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The global market celebrated the Federal Reserve’s 50 bps rate cut this week, as stocks moved to new higher levels except the European market.

It was the Fed’s first rate cut in four years, and it also kicked off the rate-cutting cycle this decade. The Fed struck a balance between not fueling inflation further and boosting slowing economic growth by implementing an unusual higher percentage point rate cut. 

Overall, market sentiment is improving, and as economic conditions improve, we may see more growth in the market; however, volatility is likely to persist. 

In the last week, Brent Crude has gained some ground after sliding below $70 level. It has gained close to 5% this week. On the other hand, Gold prices also hit new higher levels and has gained nearly 5.5% this week, as risk aversion sentiment persists. 

Let’s take a look at how the major stock market indices did this week.

World Stock Market Index: US Markets

Profit booking on Friday’s session led to some reversal of Thursday’s gain as traders and investors assess the 50 bps rate cut by Fed, as many think this aggressive rate cut must be due to some hidden economic risks. Overall, during Friday’s session, industrial and utility stocks fell the most. 

Let’s check how the top US indices performed during the week. 

Dow Jones

Dow Jones is currently trading near its record high level, looking for additional catalysts to break higher. The index traded flat on Friday, but on a weekly basis, it closed 1.62% higher.

S&P 500

S&P 500 index faced resistance as it failed to go past its record high levels. In Friday’s session, Fedex was the biggest loser of the index and was down by 14.12% on weak earnings report. While, the index lost 0.19% and on a weekly basis, it was up by 1.36%. 

Nasdaq

Nasdaq reacted to the mixed sentiments of investors and was down by 0.36% on Friday. Overall, despite the pullback, investors remain bullish in the short-to-medium. On a week-on-week basis, the index closed higher by 1.49%. 

World Stock Market Index: European Markets

The European equity market traded lower during the week, despite a major catalyst coming in from the US. Inflation and growth concerns are still hurting the European economy. Also hawkish commentary from ECB officials impacted investors’ sentiment. 

Let’s look, how different economies performed during the week. 

FTSE 100

The Bank of England (BoE) kept its key policy rate at 5.0%, which is on expected lines, as the central bank awaits more appropriate economic indicators to begin the rate-cutting cycle. 

On Friday, FTSE 100 traded lower and was down by 1.2%, wiping out the gains of the entire week. On a week-on-week basis, it was lower by 0.48%.

CAC 40

Utility and services sector stocks drove CAC 40, France’s primary stock market index, lower in Friday’s session, losing 1.54% at the end of the day. Weekly, the index closed flat. 

DAX

Losses in technology, transportation & logistics, pharmaceuticals, and healthcare stocks pulled the market lower on Friday. DAX, Germany’s primary stock market index lost 1.51% in Friday’s session, wiping out some weekly gains. On a week-on-week basis, DAX gave a positive closing of 0.69%. 

World Stock Market Index: Asian Markets

With hopes that FIIs will increase investment in emerging Asian economies following the Fed rate cut, most Asian indexes traded higher. Barring China, all other Asian economies traded with a positive bias. 

Let’s now have a look, how the major stock market index performed during the week. 

Nifty 50

The Nifty 50 had a volatile week, but it still managed to reach a new record high on Friday. Year to date, the index has gained nearly 19%.

On Friday, the index closed 1.48% higher, while the Nifty 50 rose 1.55% week on week.

Nikkei 225

The Japanese stock market rose over the week and Nikkei 225 closed the week 2.28% higher. On Friday, it was up by 1.51%. 

During the week, Japan’s central bank held the short-term interest rates steady at around 0.25%, which was widely expected. 

Straits Times

Singapore’s equity market was the top performing index of the week among global peers. Boosted by the Fed’s rate cut, Singapore’s primary stock market index, Straits Times rose 5.33% over the week. But, on Friday’s session the index traded slightly lower by 0.23%. 

Hang Seng

Boosted by the Fed rate cut, The Hong Kong stock market rose showcased a strong performance during the week. On Friday, the Hang Seng index added 1.34% and on a weekly basis, it registered a cumulative gain of 4.59%.

Taiwan Weighted

Following the global cues, Taiwan’s primary stock market index, Taiwan Weighted Index, put up a strong performance during the week. It was up by 0.53% at the close on Friday, and on a week-on-week basis, it was up by 5.06%. 

KOSPI

Tracking gains of the US market, South Korean shares traded higher on Friday. The country’s primary stock market index- KOSPI was up 0.48% higher, helping the index to wipe out the weekly loss. At the close of the week, it was up by 0.49%. 

SET Composite

Thai stocks traded flat in Friday’s session, and closed the day slightly lower by 0.22%. However, on a week-on-week basis, the index rose 6.31%, helping it to continue the strong bullish momentum for another week.

Jakarta Composite

Indonesian stock market index, Jakarta Composite traded lower on Friday, and was down by 2.1%. On a week-on-week basis, the index rose 0.91%

Shanghai Composite

Economic stress continued to impact the Chinese equity market during the week. August data highlighted China’s slowing economy. Industrial production increased 4.5% year on year, which was below expectations and falling short of July’s 5.1% increase due to lower commodity prices and auto sales. Retail sales rose by a less-than-expected 2.1% from a year ago, slowing from July’s 2.7% increase.

On Friday, Shanghai Composite traded flat and closed the week lower by 1.70%. 

Wrapping Up

The global stock market traded with a positive bias, but traders remain skeptical of the Fed’s larger-than-usual rate cut and are trying to figure out what it means. Looking ahead, we can expect some short-term market volatility. However, closely monitoring key economic data, central bank commentary, and global developments will provide valuable insight into near-term market direction. 

The global market staged a strong recovery after the previous week’s sell-off while the markets prepared for the first rate cut by the Fed. The increased probability of a 50 bps rate cut also drove the market higher this week.

In the European market, weakening economic growth prompted the European Central Bank to go for another rate cut this week, resulting in the market to trade higher during the week. 

Crude oil has gained some ground during the week, but overall momentum continues to be bearish. Brent Crude is currently trading slightly above the $70 level. 

On the other hand, Gold continued its ascent reaching a new record high level. In the last one week, it has gained close to 2.5%. 

Let’s take a look at how the major stock market indices did this week.

US Markets

Strong performance in the growth and technology stocks have lifted the market higher this week. The market is now awaiting a decision on the quantum of rate cut by the Fed. 

Speaking about economic indicators, the core inflation in August slightly rose to 0.3%, a tick higher than expectations. Meanwhile, the headline inflation has slowed down to 2.5% from 2.9% in July. It is the lowest level since early 2021. 

Let’s check how the top US indices performed during the week. 

Dow Jones

Ahead of the Fed meeting, the index traded with a positive bias. On Friday, Dow Jones was up by 0.72%, and on a week-on-week basis, the index posted a cumulative gain of 2.60%. Boeing was the biggest loser in the index and was down by 3.69% on Friday. 

S&P 500

The 500 stocks index gained ground on improved consumer sentiment and positive investors bias. On Friday, the index was up by 0.54%, taking the weekly gain to 4.02%. 

Nasdaq

Investors bought the dip in the market, and traded higher during the week. Nvidia, which was the top loser of the index last week, is up by around 13.5% this week. On Friday, Nasdaq climbed 0.65% and on a weekly basis, the index was up by 5.95%. 

European Markets

The European Central Bank lowered interest rate for the second time this year, reducing it by 0.25% to 3.5%, which was in expected lines. Some economic indicators are signalling contraction in the Eurozone economy, and the ECB is likely to stay cautious and may look to lower borrowing costs in next few quarters

Now, let’s look at how the top three European indexes performed during the week.

FTSE 100

As growth paced slowed down for the second consecutive month in July, led by contraction in manufacturing activity leading to mixed investors sentiment. 

On Friday, FTSE 100 traded slightly higher by 0.39%, helping to close the week with no gain and loss. 

CAC 40

The CAC 40, France’s primary stock market index, closed in the green on Friday due to monetary easing. It increased by 0.40% but failed to finish the week in the green. On a weekly basis, the index fell by 0.48 percent. 

DAX

Gains in the retail, chemical, and technology sectors pulled the index higher. DAX was up by 0.92% on Friday, helping the index to post gains on a weekly basis. The index closed the week higher by 0.58%.

Asian Markets

The Asian equity markets largely followed global trends as investors began to closely monitor developments related to rate cuts, which will provide short-term direction to the market. Domestic factors also played an important role. 

Let’s now have a look, how the major stock market index performed during the week. 

Nifty 50

Nifty 50 traded range bound during the week, but traded with a positive bias. On Friday, the market was volatile, but closed flat with a slight loss of 0.13%. On a week-on-week basis, the index was up by 2.44%. 

Nikkei 225

The Japanese stock market traded on a mixed note over the week as hawkish commentary from the Bank of Japan kept the market busy. On the economic front, the second quarter GDP number was revised lower, hurting investors sentiment.

Nikkei 225, the primary stock market index of Japan, traded lower on Friday and was down by 0.69%. On a week-on-week basis, it was down by 1.26%. 

Straits Times

Singapore’s equity market traded on a flat note this week. On Friday, the index was slightly up by 0.17% and on a weekly basis, it was up by 3.52%.

Hang Seng

The Hong Kong stock market rose on Friday on speculation of borrowing rate cuts in China. The Hang Seng index added 0.74% on Friday. But, on a weekly basis, it was down by 0.51%.

Taiwan Weighted

Strength in the semiconductor and electronic sectors helped the Taiwanese market to trade with a positive bias. Its primary stock market index, Taiwan Weighted Index, was up by 0.49% at the close on Friday, and on a week-on-week basis, it was up by 3.16%. 

KOSPI

After two weeks of consecutive sell off in the Korean market, the momentum of the market was sideways. On Friday, KOSPI was up by 0.13%, but on a week-on-week basis, the index was slightly down by 0.21%. 

SET Composite

For another week, Thailand’s equity market traded with a bullish momentum. SET Composite rose 0.20% on Friday, bringing its total gains for the week to 4.31%. 

Jakarta Composite

Indonesian stock market index, Jakarta Composite traded with a positive bias during the week. It was slightly up by 0.18% on Friday and on a week-on-week basis, it was up by 1.81%.

Shanghai Composite

Chinese stocks fell on weak inflation data, raising concerns about a downward price-wage spiral weighing on the economy. Deflationary concerns and failure to spur the economy is keeping Chinese equity under pressure. On Friday, Shanghai Composite was down by 0.48%, and on a week-on-week basis, the index lost 2.88% value. 

Wrapping Up

The global market has recovered some ground following the previous week’s sell-off. However, investors remain cautious about the rate cuts. Looking ahead, we can expect some short-term volatility in the market. However, closely following key economic data and global development will provide insight into near-term market direction. Staying informed and cautious may be necessary as the markets adjust to these ongoing shifts.

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.