Asian stocks tumble as U.S. rate cut expectations decrease, with strong U.S. job data

From Investing.com: 2025-01-12 22:19:17

Asian stocks tumbled as U.S. rate cut expectations waned. Hong Kong’s Hang Seng dropped xx%, China’s indexes fell, and Australia’s ASX lost 1.4%. Insignia Financial Ltd shares rose after a buyout bid. Strong U.S. job data in December supported Fed rate hold. Goldman Sachs now predicts two rate cuts this year.

Philippines and Singapore markets declined, while India’s Nifty indicated a sharp drop at open. South Korea’s index fell amid political unrest. Authorities seek to arrest impeached President Yoon Suk Yeol. Focus globally on key U.S. data releases this week. China to release economic indicators, including 2024 GDP figures.

Investors await crucial inflation data this week. Asian markets under pressure as U.S. rate cut expectations decline. Strong U.S. job data in December supports Fed rate hold. Goldman Sachs predicts two rate cuts this year. China and Australia to release key economic indicators. Political unrest in South Korea impacts market.



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