Asian markets head south in meager Christmas trade

Asian markets head south in meager Christmas trade

On Monday, Chinese equities went down by midday having started higher. They were led by smaller, tech-focused markets, in Christmas trade.

Taiwan and Japan happened to be the only other regional markets available for the holiday.

In Japan, Nikkei index NIK lost 0.1%. Taiwan’s stock benchmarkY9999 didn’t change.

As for the cryptocurrency space, bitcoin has been wavering following its dip the previous week, fluctuating in a wide price array of approximately $12,000 to $15,500. According to CoinDesk, bitcoin was recently trading around $13,600.

The Shanghai Composite Index SHCOMP, dived 0.4% by midday, having soared 0.1% and earlier reaching its highest value for two weeks, underpinned by firm revenues in construction as well as property heavyweights. Market participants in China were grasping fresh clues from the report of the annual Central Economic Work Conference the previous week.

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