As the year draws to a close, Asia-Pacific markets experienced a mixed performance on Wednesday, with several exchanges closed for the holidays.

Investor Focus on Santa Claus Rally

Investors are closely watching for signs of a potential Santa Claus rally, a phenomenon where markets often surge towards the end of the year, particularly around the holiday season.

Regional Market Performance

In Japan, the Nikkei 225 index dipped by 0.12% at 3:30 am CET, while the dollar weakened by 0.06% against the yen, trading at ¥157.0830. Meanwhile, in mainland China, the Shanghai Composite remained flat at 3:31 am CET, with the Shenzhen Composite declining by 0.34% shortly after.

Markets in Australia, South Korea, and Hong Kong remained closed for the holidays.