No Santa rally in sight as Christmas nears
Most Asian markets open second last week of year with slim gains; risk appetite takes hit from lacklustre data out of China
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THE much-delayed "Santa rally" remains elusive as most Asian markets opened the second last week of the year with slim gains, after risk appetite took a hit from lacklustre economic data out of China last Friday.
Stocks in Shanghai, Tokyo and Seoul gained marginally at less than a per cent. The exception was Hong Kong, which ended the day flat.
That said, the weakness lingering in markets may prove an opportunity for punters looking for bargains, according to some observers.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
