{"id":68806,"date":"2025-01-09T17:36:58","date_gmt":"2025-01-09T06:36:58","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=68806"},"modified":"2025-08-06T18:55:42","modified_gmt":"2025-08-06T08:55:42","slug":"thursday-9th-january-2025-asia-pacific-markets-slide-amid-inflation-worries-and-fed-policy-concerns","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/thursday-9th-january-2025-asia-pacific-markets-slide-amid-inflation-worries-and-fed-policy-concerns\/","title":{"rendered":"Thursday 9th January 2025: Asia-Pacific Markets Slide Amid Inflation Worries and Fed Policy Concerns"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.88%, Shanghai Composite down 0.44%, Hang Seng down 0.11% ASX down 0.24%<\/li>\n\n\n\n<li>Commodities : Gold at $2676.35 (0.16%), Silver at $30.74 (0.18%), Brent Oil at $76.29 (0.06%), WTI Oil at $73.36 (0.11%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.665, UK 10-year yield at 4.7970, Germany 10-year yield at 2.5240<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) ADP Non-Farm Employment Change&nbsp; 122K vs 139K expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 201K vs 214K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets showed mixed performance Wednesday, mirroring losses on Wall Street due to rising Treasury yields and declining U.S. tech stocks. Japan\u2019s Nikkei 225 fell 0.35%, and the Topix dropped 0.59%. Meanwhile, South Korea\u2019s Kospi gained 1.23%, though the Kosdaq Index remained flat.<\/p>\n\n\n\n<p>Samsung Electronics shares rose 3.07% despite a disappointing fourth-quarter profit forecast. The memory chip leader estimated operating profit at 6.5 trillion won ($4.47 billion), falling short of LSEG\u2019s forecast of 7.7 trillion won. In China, the Hang Seng Index slid 0.88%, and the CSI 300 declined 0.8%. Australia\u2019s S&amp;P\/ASX 200 gained 0.73%.<\/p>\n\n\n\n<p>Chinese tech giant Tencent Holdings fell 2.27%, extending Tuesday\u2019s nearly 8% drop after its inclusion in the U.S. Department of Defense list of \u201cChinese military companies.\u201d Battery maker CATL, also on the list, lost 1%.<\/p>\n\n\n\n<p>In the U.S., major indices closed lower as tech stocks dragged down the market. The S&amp;P 500 dropped 1.11% to 5,909.03, the Dow Jones fell 0.42% to 42,528.36, and the Nasdaq Composite shed 1.89% to 19,489.68. Nvidia fell 6.2% after reaching a record high earlier, while Tesla declined 4% following a Bank of America downgrade due to valuation and strategy risks. Meta Platforms lost nearly 2%, while Apple and Microsoft each fell over 1%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>12:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets showed mixed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-68806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=68806"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68806\/revisions"}],"predecessor-version":[{"id":68811,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/68806\/revisions\/68811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=68806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=68806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=68806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}