Asian stock markets are down due to negative cues from Wall Street, concerns about US interest rates

From Nasdaq: 2025-01-12 22:15:20

Asian stock markets are in the red on Monday after negative cues from Wall Street on Friday. Concerns about US interest rates and rising bond yields are weighing on investor sentiment. The Australian stock market is sharply lower, with the S&P/ASX 200 index falling below 8,200.00. Mining and energy stocks are up, while tech and banking stocks are down. Shares in NRW Holdings and Novonix are tumbling after recent announcements. In currency markets, the Aussie dollar is trading at $0.616. Japanese stock market is closed for The Aged Day. Other Asian markets are also trading lower. On Wall Street, stocks tumbled on Friday due to concerns about interest rates and rising bond yields. Major European markets also closed lower. Crude oil prices rose sharply on Friday due to additional sanctions on Russia’s oil exports.



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