As the central banks in the region loosened monetary policy and tech companies were boosted by artificial intelligence, Asia-Pacific stocks had a strong year in 2024, with the majority of major markets closing the year in positive position.
As of December 23, the Taiex in Taiwan was up 28.85%, leading the area in gains, followed by the Hang Seng Index in Hong Kong, which was up 16.63%.
Mike Shiao, chief investment officer for Asia ex-Japan at investment management firm Invesco, claimed that Asia had successfully lowered inflation more quickly than the rest of the world, opening the door for monetary easing.
He wrote in a letter that Asian nations will have more leeway to cut interest rates in 2025 now that the Federal Reserve has begun its easing cycle. When monetary policy is loosened, stocks tend to rise.
Source (CNBC)
