Stock Market Live Updates 24 November 2023: Asian markets mixed amidst falling oil prices

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  • November 24, 2023 06:59

    Stock Market Live Updates: Asian markets mixed amidst falling oil prices

    Shares across Asia exhibited varied movements, predominantly trending higher amidst the decline in crude oil prices. Japan’s benchmarks surged at the outset, making strides after a national holiday. The Nikkei 225 index saw a rise of 0.97% or 323.37 points, reaching 33,775.20, while the broader TOPIX also marked an ascent of 0.74% or 17.71 points, totalling 2,395.90. Conversely, South Korea’s KOSPI experienced a marginal decline of 0.13% or 3.37 points, trading at 2,511.59. Hong Kong’s Hang Seng index underwent a decrease of 0.78% or 139.09 points, hovering at 17,771.75, whereas Australia’s S&P ASX200 recorded an increase of 0.40% or 28.10 points, reaching 7,057.30.

    Attention of investors is drawn toward China’s property market, particularly following supportive measures that boosted developer stocks earlier in the week.

    The ongoing decline in oil prices persists due to reports indicating that the OPEC+ meeting will now be conducted online. This delay, coupled with discord among members regarding quotas, has raised uncertainties regarding the likelihood of additional production cuts.

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