Asian stocks rise after Trump's positive comments on China; markets see gains and record highs.

From Nasdaq: 2025-01-24 03:36:12

Asian stocks rose after Trump’s friendly conversation with Xi Jinping hinted at softer tariffs on China. Gold reached record highs as the dollar weakened on Trump’s call for immediate interest rate cuts. Oil prices remained steady as Trump suggested lower prices could end the war in Ukraine. Chinese markets saw gains after new regulations requiring mutual funds and insurers to invest in onshore stocks. Japanese markets ended flat after Bank of Japan’s rate hike and inflation data. US stocks climbed on mixed earnings and Trump’s comments at Davos, with S&P 500 reaching a new record high.



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