Asian Shares Mixed Despite Hopes For Chinese Stimulus

From Nasdaq: 2025-01-03 03:40:02

Asian stocks had a mixed day, with China possibly cutting interest rates in 2025. The dollar held near two-year highs, while gold dipped on profit taking. Oil remained steady after hitting a two-month high. Shanghai Composite fell 1.57%, while Hang Seng rose 0.70%. Japanese markets were closed, Seoul stocks rallied, SK Hynix surged 6.3%, and Australian markets closed higher. New Zealand’s index dropped 0.33% due to concerns over Trump’s tariffs. U.S. stocks ended lower, with Nasdaq and S&P 500 slipping 0.2% and the Dow dipping 0.4%.



Read more at Nasdaq: Asian Shares Mixed Despite Hopes For Chinese Stimulus