Market

Asia-Pacific Markets Close 2024 on a Downward Trend Amid China's Manufacturing Reports

Market Overview

As the final trading day of 2024 unfolded, major stock indexes across the Asia-Pacific region experienced losses. Investors closely monitored the latest reports on China's manufacturing activity, which played a pivotal role in shaping market sentiments.

Performance Highlights

On the Chinese mainland, the Shanghai Composite saw a decline of 1.29%, while the Shenzhen Composite fell by 2.29% at 7:18 a.m. CET. Hong Kong's Hang Seng remained flat, and Australia's S&P/ASX 200 closed with a 0.92% loss. Notably, South Korea's Kospi Composite and Japan's Nikkei 225 were closed in observance of the New Year holiday.

Currency Movements

In the currency markets, the dollar weakened by 0.40% against the yen, trading at ¥156.19500 at the same time.