Asian shares mixed, China services PMI in focus, U.S. stocks rebound, dollar mixed

From Nasdaq MarketSite: 2025-01-05 21:05:40

Asian stocks were mixed on Monday despite a rebound in U.S. stocks, with the dollar showing mixed performance after positive U.S. House Speaker election results. China’s onshore yuan hit a key milestone, while gold rose on safe-haven demand and oil prices remained high. China’s Shanghai Composite dropped amid U.S.-China trade tensions, while Hong Kong’s Hang Seng was down despite positive services activity. Japan’s Nikkei fell, South Korea’s Kospi rose, Australian markets were higher, and New Zealand’s S&P/NZX-50 was stable. U.S. stocks surged on Friday, led by major tech companies benefiting from AI spending. European stocks closed lower after reports of increased Chinese funding.



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