Asian Markets Mostly Higher In Holiday Trade

From Nasdaq: 2025-01-28 22:33:55

Asian stock markets are mostly higher, with China, Hong Kong, Singapore, and South Korea closed for Lunar New Year holidays. Traders cautious ahead of US Fed interest rate decision. Fed expected to keep rates unchanged, but economists predict rate cuts in first half of the year. Australian shares up, S&P/ASX 200 at 8,476.10. BHP Group and Rio Tinto down, while Woodside Energy and Beach Energy up. Tech stocks like Appen and WiseTech Global gaining. Consumer prices in Australia up 0.2% in Q4 2024. Japanese market higher, Nikkei 225 at 39,232.75. U.S. dollar trading in higher 155 yen-range. New Zealand up 0.2%, other markets closed for holidays. Nasdaq, S&P 500, and Dow up in Wall Street trading. European markets mixed. Crude oil prices rise due to Libyan supply disruptions.



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