Despite closing lower, Japan stock market expected to rebound with global market support

From Nasdaq.: 2025-01-05 18:18:20

The Japanese stock market ended lower on Friday, breaking a three-day winning streak. The Nikkei 225 closed below 39,900 points. However, the global forecast for Asian markets is positive, with support from technology and oil stocks. On Wall Street, major averages closed higher, with the Dow up 0.80%, NASDAQ up 1.77%, and S&P 500 up 1.26%. U.S. economic news showed manufacturing activity contracted at a slower rate. Oil prices rose on optimism for demand outlook, with WTI crude closing at $73.96 a barrel. Despite recent weakness, traders looked to buy stocks at reduced levels.



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