Market Commentary - Foreign Markets
China markets end marginally higher As on : 26-Aug-24  16:54

China's Shanghai Composite fluctuated before finishing marginally higher at 2,855.52. Hong Kong's Hang Seng index climbed 1.06 percent to 17,798.73, extending a three-week running run. Meanwhile, Asian stocks ended mostly higher on Monday, even as Japanese markets fell notably as the dollar sank to a three-week trough against the yen on dovish Fed outlook and Bank of Japan Governor Kazuo Ueda's hawkish remarks on Friday reaffirming his resolve to raise interest rates. The risk appetite was boosted and US dollar was under selling pressure after Federal Reserve Chair Jerome Powell signaled imminent interest-rate cuts.

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