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Asian stocks slip, USD bolstered by rate outlook – Feb 24 2025

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Index Last Change % Change

trading lower

43,428.02 -748.63 1.69%Negative

trading lower

19,524.01 -438.36 2.20%Negative

trading lower

6,013.13 -104.39 1.71%Negative
Index Last Change % Change

trading higher

Nikkei Index

.N225

38,776.94 +98.90 0.26%Positive

trading higher

23,528.23 +50.31 0.21%Positive

trading lower

75,311.06 -424.90 0.56%Negative

Source: LSEG, opens new tab – data delayed by at least 15 minutes

Fixed income

Treasury yields fell last week.

Equities

Asian stocks set to open defensive on Monday, as worries over U.S. economy and new tariff threats.
MSCI World dipped 1% last week, euro stocks shed only 0.3% over the week after making a new record high. MSCI Asia ex-Japan rose 1.5% for a 6th weekly gain in a row, its best since November, 2022.

rotation out of Wall Street into Europe and Asia appears to be underway.  Chinese tech stocks listed in Hong Kong have surged a stunning 35% in the past six weeks.

Forex

USD stopped the rot of its recent selloff.

Commodities

Gold rose for an 8th week – its best since 2020 – closing in on $3,000 an ounce.

 

For more news visit Reuters.com