Local papers with the judgment Democratic Progressive Party’s (DPP) triumph in the governmental election on the front pages stay on the counter at the reception of an office complex in Taipei on January 14,2024 (Photo by Yasuyoshi CHIBA/ AFP) (Photo by YASUYOSHI CHIBA/AFP through Getty Images)
Yasuyoshi Chiba|Afp|Getty Images
Mainland China’s market pared losses from earlier in the session Monday, after the nation’s reserve bank left its medium-term policy loans rate the same, while Taiwan stocks increased after citizens handed the judgment Democratic Progressive Party a third-straight governmental term.
Mainland China’s CSI 300 index closed 0.1% lower at 3,28091 after falling about 0.5% at open, while Hong Kong’s Hang Seng index fell 0.26%.
The People’s Bank of China stunned markets and held the rate on some 995 billion yuan ($13884 billion) worth of 1 year medium-term financing center (MLF) loans, keeping it the same at 2.50%
The Taiwan Weighted index increased 0.19% to close at 17,54682 after the judgment Democratic Progressive Party’s Lai Ching- te won the governmental election on Saturday, with more than 40% of the popular vote.
Investors will be carefully viewing China’s fourth-quarter gross domestic numbers due on Wednesday, while Japan will launch inflation figures for December on Friday.
In Australia, the S&P/ ASX 200 fell partially, ending at 7,4963.
Japan’s Nikkei 225 continued its record-breaking run and crossed the 36,000 mark briefly throughout the session, with the index closing 0.91% greater at 35,90179, while the Topix likewise touched brand-new highs, getting 1.22% to complete at 2,5246.
South Korea’s Kospi ended partially above the flatline at 2,52599, snapping its eight-day losing streak, while the small-cap Kosdaq fell almost 1% and closed at 859.71
U.S. stock and bond markets will be closed on Monday for Martin Luther King Day.
On Friday in the U.S., all 3 significant indexes ended blended as the fourth-quarter revenues season got under method, with 4 Big Banks publishing downbeat outcomes.
The Dow Jones Industrial Average lost 0.31%, however the S&P 500 ended the day 0.08% greater and the tech-heavy Nasdaq Composite closed simply above the flatline, getting 0.02%.
— CNBC’s Pia Singh and Alex Harring added to this report
