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Asia shares rise on prospect of softer Trump tariffs – Jan 7 2025

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Index Last Change % Change
trading lower

42,706.56 -25.57 0.06%Negative
trading higher

19,864.98 +243.30 1.24%Positive
trading higher

5,975.38 +32.91 0.55%Positive
Index Last Change % Change
trading higher

40,105.55 +798.50 2.03%Positive
trading lower

19,291.07 -397.22 2.02%Negative
trading higher

78,338.75 +373.76 0.48%Positive

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

Fixed Income

The prospect of a less aggressive Fed this year supported U.S. Treasury yields.
US 10-year yield last at 4.6219%, after rising to its highest since May in the previous session.
US 2-year yield steadied at 4.2704%.

Equities

MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS), was up 0.16% in the early Asian session. Nikkei jumped 2%, boosted by a rally in technology stocks.

China CIS 300 reversed early losses to last trade 0.12% higher. Hang Seng dropped 0.43%.

Forex

USD near a one-week low at 108.36 , nursing some of its losses from the previous session.
EUR & GBP pared some of their sharp gains made overnight, each falling 0.1% to trade at $1.0377 and $1.25085, respectively.
JPY at 158.425.

Commodities

Oil prices edged lower on Tuesday, Brent falling 0.37% to $76.02. U.S. crude eased 0.46% to $73.22 per barrel.
XAU rose 0.18% to $2,640.49 an ounce.
For more news visit Reuters.com