{"id":69023,"date":"2025-01-29T17:57:51","date_gmt":"2025-01-29T06:57:51","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=69023"},"modified":"2025-08-06T18:31:43","modified_gmt":"2025-08-06T08:31:43","slug":"wednesday-29th-january-2025-asian-stocks-rise-as-wall-street-rebounds","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/wednesday-29th-january-2025-asian-stocks-rise-as-wall-street-rebounds\/","title":{"rendered":"Wednesday 29th January 2025: Asian Stocks Rise as Wall Street Rebounds"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.54%, Shanghai Composite down 0.06%, Hang Seng up 0.14% ASX up 0.57%<\/li>\n\n\n\n<li>Commodities : Gold at $2795.35 (0.03%), Silver at $30.85 (-0.18%), Brent Oil at $76.29 (-0.29%), WTI Oil at $73.64 (-0.23%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.523, UK 10-year yield at 4.611, Germany 10-year yield at 2.560<\/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) CB Consumer Confidence&nbsp; 104.1 vs 105.7 expected<\/li>\n\n\n\n<li>(USD) Richmond Manufacturing Index&nbsp; -4 vs -13 expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Japan and Australian stocks rose Wednesday as Wall Street rebounded overnight, while several Asia-Pacific markets remained closed for the Lunar New Year holiday. Japan\u2019s Nikkei 225 gained 0.84%, and the Topix rose 0.74%, recovering from the previous session\u2019s losses. Minutes from the Bank of Japan\u2019s December meeting revealed discussions on neutral interest rates and monetary policy, as inflation remains above the 2% target and wage hikes continue due to labor shortages. Last week, the BOJ raised interest rates by 25 basis points to 0.5%, the highest level since 2008.<\/p>\n\n\n\n<p>Australia\u2019s S&amp;P\/ASX 200 climbed 0.72%, reversing earlier losses. The Australian Bureau of Statistics reported that inflation rose 0.2% in the December quarter and 2.4% annually, slightly below economists\u2019 expectations of 2.5%. Lower-than-expected inflation could ease concerns over aggressive monetary tightening in the country.<\/p>\n\n\n\n<p>On Wall Street, major indexes rebounded after a sharp sell-off triggered by concerns over competition from Chinese AI startup DeepSeek. The S&amp;P 500 gained 0.92% to 6,067.70, driven by a strong performance in the technology sector. The Nasdaq Composite surged 2.03% to 19,733.59, while the Dow Jones Industrial Average added 136.77 points (0.31%) to close at 44,850.35.<\/p>\n\n\n\n<p>Nvidia rebounded nearly 9% after a historic 17% drop in the previous session, which erased nearly $600 billion in market value. Other major tech companies also posted gains, with Broadcom rising 2.6% and Oracle climbing 3.6%, as investors sought opportunities following Monday\u2019s steep losses.<\/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>02:45 PM GMT &#8211; CAD Overnight Rate<\/li>\n\n\n\n<li>07:00 PM GMT &#8211; USD Federal Funds Rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Japan and Australian stocks [&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-69023","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\/69023","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=69023"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69023\/revisions"}],"predecessor-version":[{"id":69024,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69023\/revisions\/69024"}],"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=69023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=69023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=69023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}