Asian Markets Decline Amid Wall Street Slump Despite Positive US Economic Data

Reported 1 day ago

Asian markets experienced a decline on January 7, 2025, following a drop in Wall Street shares, even as U.S. economic reports on job openings and business activity exceeded expectations. The Nikkei index remained flat, while Hong Kong's Hang Seng and Shanghai Composite indices fell significantly. Concerns over potential inflation due to rising bond yields and tariffs under President-elect Donald Trump contributed to market uncertainty, despite positive economic indicators suggesting job growth.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis