Asia stocks rise in holiday-thinned trade on tech boost

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Asia stocks rise in holiday-thinned trade on tech boost

^{Published on 2024-12-24 00:22:18 - Investing}

Broader Asian stocks were mostly higher in shortened holiday trading. Australia's ASX 200 added 0.1% as the minutes of the Reserve Bank's December meeting showed policymakers signaling an eventual decline in interest rates.

The article from Investing.com discusses the performance of Asian stock markets on a day marked by holiday-thinned trading. Key points include a general rise in stock indices, driven by positive developments in the technology sector. Specifically, the Hang Seng Index in Hong Kong saw gains, supported by tech companies like Tencent and Alibaba. In Japan, the Nikkei 225 also advanced, buoyed by tech stocks and a weaker yen, which benefits exporters. However, trading volumes were lower due to holidays in several major markets, including China and South Korea. The article also notes that despite the tech boost, there was some caution due to ongoing global economic uncertainties and potential policy changes from major economies.

Read the Full Investing Article at:
[ https://uk.investing.com/news/stock-market-news/asia-stocks-rise-in-holidaythinned-trade-on-tech-boost-3851643 ]

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