Today's News Update - 28th Jan 2025 Asia Asia-Pacific markets mostly rose on Monday as investors assessed China's manufacturing and profit data. Japan’s Nikkei 225 fell 0.92%, while the Topix gained 0.26%. Chip-related stocks dropped, with SoftBank Group falling 8.3%. Hong Kong’s Hang Seng rose 0.51%, and China’s CSI 300 slipped 0.41%. China’s January factory activity contracted with a PMI of 49.1, while December industrial profits surged 11% year-on-year, though they declined for the third straight year on an annual basis. Markets in Australia was closed for holidays. US The S&P 500 and Nasdaq Composite fell sharply on Monday, fueled by concerns over a potential AI stock bubble, sparked by Chinese startup DeepSeek's low-cost AI model. The Nasdaq dropped 3.5%, and the S&P 500 slid 1.8%. The Dow Jones gained 0.5%, helped by gains in Apple, Johnson & Johnson, and Travelers. Commodity Gold prices dropped over 1% on Monday, pulling back from near-record highs reached in the previous session as investors sold off bullion amid a broader market decline triggered by growing interest in Chinese AI startup DeepSeek. Spot gold fell 1.3% to $2,736.75 per ounce, while U.S. gold futures dropped 1.5%, settling at $2,738.40 per ounce. 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