Market indexes in Japan and India advanced and dropped in China as foreign investors continued to shift their allocations in Asia. Japan's jobless rate eased in December. China-based BYD, the largest EV maker, reported a surge in annual profit but missed expectations.

A broad rally lifted benchmark indexes in Tokyo ahead of a raft of economic data later in the week. The Chinese securities regulator banned lending against restricted stocks of companies listed on the mainland. A Hong Kong court ordered the liquidation of the troubled property developer, China Evergrande.

A weakness in tech stocks in Asia-wide trading dragged market indexes in Tokyo, China, and Korea. Moreover, worries about weakening long-term growth prospects in China also pressured stocks in Hong Kong and Shanghai.

Stocks advanced for the third day in a row in China on hopes that the government is preparing to announce targeted stimulus measures soon. GDP growth in South Korea slowed after rebounding in the previous two years. Tesla suppliers across Asia fell after the electric vehicle maker estimated a decline in 2024 sales volume.

Japan reported its third consecutive annual trade deficit. Market indexes in China rebounded after securities regulator offered verbal support to stabilize financial markets.

China stocks rebounded after Premier Li Qiang sought strong measures to support the stock market but fell short of offering specific steps. The Bank of Japan held its interest rates as widely anticipated, prompting the government to take measures to support the weakening yen.

The Nikkei index retained an upward bias amid hopes of the Bank of Japan keeping ultra-loose monetary policy intact. Foreign investors stepped up their sales in Hong Kong. Indian markets advanced after banks reported positive results.



Reliance Industries reported weaker-than-expected quarterly results, and weak crude oil prices weighed heavily on the performance. Hindustan Lever said quarterly sales rose marginally amid weak demand growth in rural markets.

Markets in China resumed their downward slide and extended losses to the fifth year in a row amid persistent selling by foreign investors. Annual inflation in Japan declined in December, and the yen edged lower.

Market indexes struggled to advance in China on the ongoing economic challenges. India is looking to ramp up its foreign direct investment over the next few years. Indexes In Japan struggled amid mixed trading.

Stocks in Mumbai traded down for the second day in a row amid elevated tensions in the Middle East and mixed quarterly results.

The Chinese economy expanded at a slower-than-expected pace in the fourth quarter, and retail sales in December fell short of expectations, but industrial output accelerated in the month.

Mumbai stocks faced heavy selling pressure after Iran stepped up attacks in neighboring countries, including Pakistan. The prospect of a wider war in the Middle East kept investors on the sidelines as quarterly results rolled in.

Asian markets continued to slide amid rising supply chain disruptions linked to growing violence in the Red Sea and ongoing economic growth uncertainties. China is scheduled to release its GDP and retail sales data on Wednesday.



Stock markets in Asia traded higher, and investors focused on domestic corporate results as the earnings season kicked off. The ruling party won the presidential election on Saturday in Taiwan but lost its majority in the governing council.