[ad_1]
Local newspapers with the ruling Democratic Progressive Party’s (DPP) victory in the presidential election on the front pages remain on the counter at the reception of an office building in Taipei on January 14, 2024. (Photo by Yasuyoshi CHIBA / AFP) (Photo by YASUYOSHI CHIBA/AFP via Getty Images)
Yasuyoshi Chiba | Afp | Getty Images
Taiwan’s main stock index rose Monday after voters handed the ruling Democratic Progressive Party third-straight presidential term, while most Asia-Pacific markets were subdued.
The Taiwan Weighted index rose 0.5% at open after Lai Ching-te won the island’s presidential election on Saturday, with more than 40% of the popular vote.
Investors will be closely watching China’s fourth-quarter gross domestic numbers due on Wednesday, while Japan will release inflation figures for December on Friday.
In Australia, the S&P/ASX 200 started the week flat.
Japan’s Nikkei 225 continued its record-breaking run, with the index up 0.75%, while the Topix also touched new highs, gaining 0.84%.
South Korea’s Kospi was trading about 0.2% higher, but the small-cap Kosdaq fell 0.31%.
Futures for Hong Kong’s Hang Seng index stood at 16,306, pointing to a stronger open compared with the HSI’s close of 16,244.58
U.S. stock and bond markets will be closed on Monday for Martin Luther King Day.
On Friday in the U.S., all three major indexes ended mixed as the fourth-quarter earnings season got under way, with four Big Banks posting downbeat results.
The Dow Jones Industrial Average lost 0.31%, but the S&P 500 ended the day 0.08% higher and the tech-heavy Nasdaq Composite closed just above the flatline, gaining 0.02%.
— CNBC’s Pia Singh and Alex Harring contributed to this report
[ad_2]
Source link
