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
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama