Asian stocks rise on China's promise of increased spending in 2025, U.S. tech rally

From Nasdaq: 2024-12-24 03:36:51

Asian stocks rose on Tuesday following a rally in U.S. tech shares. Gold and oil held onto gains despite a stronger dollar. Chinese and Hong Kong markets surged after a government announcement on increased public spending. Japanese markets ended lower with concerns over foreign exchange moves. Honda, Nissan, and Mitsubishi discussed a potential merger. South Korean stocks were flat amid political turmoil. Australian markets edged up amid speculation of rate cuts. U.S. stocks rose with Treasury yields hitting a seven-month high. Markets will close early for Christmas.



Read more at Nasdaq: Asian Shares Rise As China Vows Bigger Fiscal Spending In 2025