Today's News Update - 6th Jan 2025 Asia China's stocks continued to decline on Friday, with the CSI 300 dropping 1.18%, while Hong Kong's Hang Seng gained 0.42%. Bond yields hit record lows, and the People’s Bank of China is expected to cut rates later this year. China also plans to boost consumption and issue more ultra-long bonds. Separately, China proposed export restrictions on tech used in battery components and critical minerals. Investors are also monitoring political unrest in South Korea. Australia’s S&P/ASX 200 rose 0.60%, and Japan’s markets were closed. US The three major U.S. indexes closed lower on the first trading day of the year, continuing the weakness from late 2024 and signaling a possible absence of a "Santa Claus rally." The Dow lost 0.36%, the S&P 500 dropped 0.22%, and the Nasdaq declined 0.16%. This marked the fifth consecutive loss for both the S&P 500 and Nasdaq, led by declines in big tech stocks like Apple (-2.6%) and Tesla (-6%) due to lower deliveries. Commodity Gold prices fell from a three-week high on Friday, weighed down by a strong dollar, with spot gold down 0.7% to $2,637.78. Gold remains up 1% for the week. Oil prices rose, supported by expectations of economic stimulus in China and lower U.S. interest rates. Brent crude gained 0.76% to $76.51, while WTI rose 1.13% to $73.96, with both posting weekly gains. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex