Asian shares mostly lower due to weak China data, concerns over rising bond yields

From Nasdaq, Inc.: 2025-01-02 03:35:09

Asian stocks started the New Year on a subdued note, following a down day for U.S. stocks. Concerns about rising bond yields and higher interest rates led to a fourth consecutive session of losses for the S&P 500 and Nasdaq 100 indexes. The dollar index held near multi-year highs, while gold prices edged higher. Oil prices maintained year-end gains, with Brent crude nearing $75 a barrel. Chinese and Hong Kong markets fell sharply amid uncertainty about U.S.-China relations in 2025. Chinese factory activity data also pointed to a rocky economic outlook. Japanese and New Zealand markets were closed, while Australian markets closed higher on the first trading day of the year.



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