From Financial Modeling Prep: 2025-01-02 01:52:20

Asian stocks opened 2025 on a bearish note, reflecting concerns over weak Chinese manufacturing and Wall Street’s lackluster performance. Shanghai Shenzhen CSI 300 dropped 1.3%, while Shanghai Composite Index fell 0.9%. Caixin Manufacturing PMI results were weaker than expected, signaling slowing momentum despite recent stimulus measures.

Hong Kong’s Hang Seng Index slumped 1.7% due to a 30% drop in Sun Art Retail after Alibaba announced plans to divest its stake. Singapore’s Straits Times Index remained flat, with sluggish Q4 GDP growth but annual growth of over 4% in 2024. U.S. stock futures traded lower, impacting global markets.

Investors are closely watching Beijing’s fiscal policy direction for potential stimulus plans in 2025. Wall Street’s muted year-end performance is setting the tone for global markets. Recovery in Asian markets hinges on clearer fiscal strategies and improved global demand amid economic uncertainties.



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