MSCI Asia-Pacific Index Reaches Highest Level Since December

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Jan 24, 2025

The MSCI Asia-Pacific Index experienced a notable rise, climbing by 0.9% to its highest point since December of the previous year. Over the course of this week, the index has increased by 2.5%, setting it on track for the largest weekly gain since September.

Technology stocks, including major players like Tencent, Alibaba, and Xiaomi, played a significant role in driving Friday's upward movement. These companies contributed substantially to the index's performance, highlighting the strong influence of the tech sector on market trends.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.