Most Asian stocks drop, South Korean shares slump, Chinese stocks surge on stimulus hopes.

From Investing.com: 2024-12-05 22:09:48

Most Asian stocks fell ahead of U.S. jobs data, mirroring Wall Street losses. S.Korean shares plunged amid a political crisis. U.S. stock indexes ended lower, index futures slightly down. Focus on U.S. data for interest rates outlook. South Korea’s index slumped 1.6%, other regional markets also dropped.

Chinese stocks surged on stimulus hopes. RBI rate decision awaited, markets cautious. Expectations for unchanged key repo rate at 6.50%. Some anticipate 25 basis points cut due to recent economic growth slowdown. ING analysts predict India to remain fastest-growing country in region in 2025.

Asian markets await China’s economic meeting next week. Focus on stimulus measures and economic outlook. China to release November data, trade data next week. India to release inflation data, Australia to decide on interest rates. Market attention on key economic events in the region.



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