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Asian stocks slip, USD bolstered by rate outlook – Jan 8 2025

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Today’s Market News

Key developments to markets on Wednesday:

  • Australia inflation (November)
  • South Korea current account (November)
  • Japan consumer confidence (December)

 

Index Last Change % Change
trading lower

40,058.31 -24.99 0.06%Negative
trading lower

19,137.88 -309.70 1.59%Negative
trading lower

77,931.39 -267.72 0.34%Negative
Index Last Change % Change
trading lower

42,528.36 -178.20 0.42%Negative
trading lower

19,489.68 -375.30 1.89%Negative
trading lower

5,909.03 -66.35 1.11%Negative

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

Fixed income

US 10-year Treasury yields hit 4.699%, highest since April and was last at 4.6768% in Asian hours.

Equities

MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS),  fell 0.2%, Nikkei down 0.8%.

China CSI300 & Hang Seng slid 0.3% & 0.55% respectively.
Forex
JPY last at 157.98 after touching 158.425 on Tuesday.
DXY at 108.65, not far from2-year high of last week, it rose 7% in 2024 as investors expect rates to stay higher for longer.
Commodities
Oil rose in early trading, Brent up 0.34% at $77.31, U.S. crude 0.5% higher at $74.63.
Gold eased under pressure from higher bond yields and stronger dollar, last at $2,647.
For more news visit Reuters.com