- January 21, 2025
- By: Admin1_blog
- Asia Market, Indices
Amala Balakrishner
Asia-Pacific markets mostly rose Tuesday, as investors awaited greater clarity on policies of U.S. President Donald Trump following his inauguration.
Australia’s S&P/ASX 200 advanced 0.66% to end the day at 8,402.40.
In Japan, the benchmark Nikkei 225 closed up 0.32% at 39,027.98, while the Topix edged up 0.08% in choppy trade to end the day at 2,713.50.
South Korea’s Kospi closed down 0.08% at 2,518.03, while the Kosdaq declined 0.22% to close at 726.07.
Hong Kong’s Hang Seng index was up 1.02% in its last hour of trade. Mainland China’s CSI 300 Index rose 0.08% to end the day at 3,832.61.
Several central banks in Asia will be convening later this week. Malaysia’s central bank is expected to keep its policy rate steady at 3% on Wednesday. The Bank of Japan is holding its next policy meeting from Jan. 23 to Jan 24 — BOJ Governor Kazuo Ueda has signaled intentions to hike rates. Singapore’s Monetary Authority of Singapore will be meeting on Friday.
Over in the U.S. markets were closed due to the Martin Luther King Jr. public holiday.
U.S. stock futures were higher after Trump’s swearing in and his promise of a new “golden age” for the U.S. He also issued a slew of executive orders, which notably did not include tariffs.
Futures tied to the S&P 500 gained 0.5%, while Nasdaq 100 futures ticked up 0.6%. Dow Jones Industrial Average futures advanced 221 points, or 0.5%.
— CNBC’s Brian Evans contributed to this report.
U.S. dollar strengthens after Trump’s announcement on holding off on tariffs
The dollar index climbed Tuesday amid mixed Asian trade following U.S. President Donald Trump’s announcement that he would not impose new trade tariffs on his first day in office.
Trump said he was considering around 25% tariffs on Canada and Mexic., which could be announced on Feb. 1. He has also pledged to impose tariffs of 10% on global imports, 60% on Chinese goods.
The dollar index climbed 0.91% to 108.34, after having dropped as much as 1.3% on Jan. 20.
— Amala Balakrishner, Reuters
Oil prices slip after Donald Trump’s declaration of national energy emergency
Oil prices dipped after President Donald Trump announced that he would declare a national energy emergency which aims to increase fossil fuel production.
The U.S. West Texas Intermediate futures slipped 1.32% to $76.85 per barrel.
The U.S. has been the largest producer of crude oil in the world for years, outpacing Saudi Arabia and Russia.
—Lee Ying Shan, Spencer Kimball
South Korea’s producer price index in December rises at its fastest pace since July 2024
South Korea’s wholesale inflation rate climbed 1.7% year on year in December, hitting its highest level since July 2024.
Preliminary figures from the Bank of Korea show that gains were led by sectors such as information services as well as electric power, gas and steam.
— Amala Balakrishner
Source : cnbc
