• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Asia stocks inch up tracking Wall Street, spotlight on key US inflation data

by January 15, 2025
written by January 15, 2025

Investing.com– Most Asian stocks edged higher on Wednesday tracking overnight rise on Wall Street, but gains were limited as investors remained cautious ahead of key U.S. inflation data, particularly in light of the Federal Reserve’s hawkish stance in December.

U.S. stock index futures were higher in Asian trade on Wednesday. Market participants’ focus was on a key inflation reading due later in the day to assess the Fed’s interest rate outlook for 2025.

The Fed had signaled fewer rate cuts in 2025 during its December meeting, citing sticky inflation.

Asia shares see marginal moves ahead of US CPI

Traders are exhibiting caution ahead of the upcoming U.S. Consumer Price Index (CPI), resulting in marginal moves across the region.

Japan’s Nikkei 225 index rose 0.3%, while TOPIX gained 0.6% on Wednesday.

Australia’s S&P/ASX 200 was largely unchanged. Investors await December employment data due on Thursday.

China’s Shanghai Shenzhen CSI 300 index edged 0.2% lower, and the Shanghai Composite index was largely unchanged, while Hong Kong’s Hang Seng index inched up 0.1%.

Focus this week will be on several key economic indicators that will provide insights into China’s economic performance at the close of 2024. The country’s full-year 2024 Gross Domestic Product (GDP) figures are due on Friday.  Additionally, December’s industrial production data, and retail sales figures are also due on Friday.

Elsewhere in Asia, stock indexes fell with Thailand’s SET Index falling more than 1%. Singapore’s Straits Times Index fell 0.3%, while Malaysia’s KLCI index dropped 0.7%.

India’s Nifty 50 Futures were slightly lower on Wednesday.

Asian shares are facing additional downward pressure from prospects of fewer Fed rate cuts in 2025. Markets now anticipate just one rate cut this year, a sharp adjustment from the earlier expectation of four cuts before the Fed’s December meeting, according to Fedwatch.

South Korean President Yoon arrested over martial law

South Korea’s impeached President Yoon Suk Yeol was arrested on Wednesday over his failed attempt to enforce military law in late 2024, according to local media reports.

The KOSPI index edged up 0.3%. 

The Bank of Korea is expected to lower its base rate by 25 basis points on Thursday, advancing the move by a month, to support South Korea’s struggling economy amid heightened political uncertainty, according to a Reuters poll.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Country Garden overdue results show steep losses amid sector’s sales slump
next post
BOJ will raise rates if economy, price conditions continue to improve, Ueda says

You may also like

BASF results down on impairments, restructuring

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Biogen CEO sees no burning need for more acquisitions
    • Cognizant beats quarterly profit estimates on gradual recovery in IT services demand

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy