Asian shares decline due to political turmoil in South Korea, along with economic concerns in China

From Nasdaq: 2024-12-04 03:34:49

Most Asian stocks fell amid political chaos in South Korea and slowing services activity growth in China. Investors awaited U.S. jobs data and Fed Chair Powell’s remarks on rate outlook. Gold edged up as two Fed policymakers backed another rate cut. Oil extended gains ahead of OPEC+ meeting. Geopolitical tension rose as Israel threatened Lebanon. Chinese stocks dipped on slower services growth. Hong Kong and Japanese markets fluctuated. Seoul stocks plunged as President declared, then lifted martial law. Australian markets fell after GDP growth miss. U.S. stocks ended mixed with tech and S&P 500 at record highs.



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