Tuesday 14th January 2025: Asia-Pacific Markets Rise Amid Mixed Wall Street Session

Global Markets:

•  Asian Stock Markets : Nikkei down 1.94%, Shanghai Composite up 2.54%, Hang Seng up 1.7% ASX up 0.48%
• Commodities : Gold at $2682.35 (0.16%), Silver at $30.24 (-0.08%), Brent Oil at $80.49 (-0.49%), WTI Oil at $76.96 (-0.51%)
• Rates : US 10-year yield at 4.767, UK 10-year yield at 4.885, Germany 10-year yield at 2.5850

News & Data:

• (CNY) Trade Balance  753B vs 730B expected

Markets Update:

Asia-Pacific markets mostly rose on Tuesday following a mixed session on Wall Street. The Dow surged, while the Nasdaq dipped as investors shifted away from tech stocks.

Hong Kong’s Hang Seng Index climbed 1.8%, and mainland China’s CSI 300 rose 2.13%. In contrast, Japan’s markets declined, with the Nikkei 225 falling 1.93% and the Topix dipping 1.27%. Japan’s 40-year government bond yield hit 2.766%, its highest level since 2007, according to LSEG data. South Korea’s Kospi gained 0.34%, and the small-cap Kosdaq added 1.41%. Australia’s S&P/ASX 200 ended 0.48% higher at 8,231, snapping a three-day losing streak.

India’s rupee remains under watch after hitting a record low against the U.S. dollar. India’s inflation for December declined for a second consecutive month, falling to 5.22% year-on-year, slightly below expectations and strengthening the case for potential interest rate cuts. Thailand is set to release its consumer confidence index for December.

Overnight in the U.S., the Dow Jones Industrial Average outperformed, rising 358.67 points (0.86%) to close at 42,297.12 as investors moved to nontech sectors like Caterpillar, JPMorgan, and UnitedHealth. Meanwhile, the Nasdaq Composite fell 0.38% to 19,088.10, and the S&P 500 edged up 0.16% to 5,836.22.

The three major U.S. indices have experienced declines over the past two weeks, primarily driven by a sell-off in tech stocks that previously fueled market growth.

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