Today's News Update - 10th Feb 2025
Asia
Asia-Pacific markets were mixed on Friday as investors reacted to India's interest rate decision and Japan's household spending data.
Australia's S&P/ASX 200 fell 0.11%, Japan's Nikkei 225 dropped 0.72%, and South Korea’s Kospi shed 0.58%. However, Japan's household spending rose 2.7%, surpassing expectations.
Hong Kong's Hang Seng gained 1.1%, and mainland China's CSI 300 rose 1.3%.
US
Stocks declined on Friday as concerns over tariffs and inflation unsettled traders.
Major indexes dropped after President Trump proposed reciprocal tariffs, potentially raising U.S. tariff levels.
The Dow fell 444.23 points, or 0.99%, to 44,303.40. The S&P 500 dropped 0.95% to 6,025.99, and the Nasdaq lost 1.36%, closing at 19,523.40. These losses left indexes lower for the week.
Commodity
Gold prices rose on Friday, marking a sixth consecutive week of gains as trade tensions between the U.S. and China boosted demand for the safe-haven asset. Spot gold gained 0.2% to $2,862.56 per ounce.
Oil prices finished higher on Friday following new sanctions on Iran, but both benchmarks fell for the week due to concerns over the U.S.-China trade war. Brent crude ended at $74.66 per barrel, up 0.5%, while U.S. West Texas Intermediate crude closed at $71.00 per barrel, up 0.55%.
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.
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