Most Asian Markets Climbed as Investors Focused on Economic Data and Policy Signals

 

Asian markets largely gained on Monday, November 25 resulting from optimism in policy signals and expectations for upcoming national economic indicators. Investor sentiment improved following U.S. President-elect Donald Trump’s nomination of Scott Bessent as Treasury Secretary. Bessent’s mild stance on trade tariffs made investors expect the US tariff policy easing. Bessent's appointment supported most Asian markets to rise.

 

Japan's Nikkei 225 leaped up 1.30%. South Korea’s KOSPI gained 1.32%. India's NIFTY 50 jumps 1.17%. India's Adani Group shares bounce back as CFO clarifies none of their listed firms face US bribery charges. After a tumultuous week triggered by accusations against Chairman Gautam Adani, Monday saw Adani Enterprises Ltd up 2.6% and Adani Ports and Special Economic Zone Ltd rising 1.6%.

 

 

 

Australia’s ASX 200 advanced 0.28% amid gains in economically sensitive sectors like banks and miners because investors anticipate expansionary U.S. policies under Trump.

 

On the contrary, China’s market slid with the Mainland's Shanghai Composite Index falling 0.11% and Hong Kong's Hang Seng Index dropping 0.41% as Investors waited for China to release industrial profit data this Wednesday.

 

 

China's Ministry of Commerce reported that Wang Shouwen, Vice Minister of Commerce for China, held discussions with Jay Puri, Executive Vice President of Nvidia (NASDAQ: $NVDA) for Worldwide Field Operations, in Beijing on Monday.

 

Investors also focused on economic data releases: Singapore’s October inflation figures which will be released later today and are expected to decline to 1.8%, South Korea’s interest rate decision on Wednesday, India’s Q3 GDP report on Friday, and Tokyo’s November inflation numbers on Friday.

 

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