PT Solid Gold Berjangka | Market Review Monday, January 29, 2024

01:34 30 January in Market, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP


Solid Gold Berjangka | the latest financial updates. Here’s a summary of the key points:

Nikkei (Tokyo):

  • Nikkei 225 index rose 0.77%, reaching 36,026.94 points.
  • Topix index added 1.27%, closing at 2,529.48 points.
  • Investors were optimistic due to the strength of US shares and the Dow reaching a new high.

Hang Seng (Hong Kong):

  • Hang Seng Index increased by 0.78%, closing at 16,077.24 points.
  • China announced fresh measures to support its markets.
  • Shanghai Composite Index dropped by 0.92%, while Shenzhen Composite Index sank 2.42%.


  • Gold futures rose to US$2,044.60 per ounce, up by US$8.50.
  • Despite a stronger dollar, investors sought the safety of gold amid rising tensions in the Middle East.


  • WTI crude oil for March delivery closed at US$76.78 per barrel, down by US$1.23.
  • Concerns over the health of China’s economy, particularly the Evergrande debt crisis, contributed to the decline.
  • Brent crude, the global benchmark, was last seen at US$82.24 per barrel.

Middle East Tensions:

  • Middle East tensions increased after a drone attack on a US military base in Jordan by Iran-backed militants.
  • US President Joe Biden pledged to hold those responsible to account.
  • RBC Capital Markets noted a critical inflection point and the potential for increased US involvement in the conflict.

Global Economic Concerns:

  • Hong Kong court ordered the liquidation of Evergrande, China’s largest real estate developer, after it defaulted on US$330 billion in debt.
  • Worries over the economic health of China, the world’s No.1 importer, intensified amid the debt crisis in the real estate sector.
  • The court’s decision comes as China’s growth falls to the lowest in three decades.

These developments reflect a complex economic landscape influenced by geopolitical tensions, regional conflicts, and concerns about the economic health of major players like China. Investors are closely monitoring these factors for their potential impact on global markets.