Asian shares kicks off New Year after ominous end to 2024
Asian stocks were primed to begin the New Year on a cautious note after an inauspicious end to an otherwise stellar 2024 for global equity investors.
Futures on benchmarks in Shanghai declined after mainland Chinese gauges tumbled in December’s final day of trading. The S&P 500 and Nasdaq 100 indexes dropped for a fourth consecutive session in a year-end pullback that shaved more than a trillion dollars from large-cap market values.
Shares in Sydney were little changed while futures showed Hong Kong’s benchmark may advance slightly. Japanese markets are closed through Jan. 6. New Zealand remains on holiday, while South Korea will have a late open. US equity futures slipped.
The yen fell Thursday to around 157 per dollar, priming the currency for a third daily drop against the dollar, after a strong run for the greenback. The Bloomberg Dollar Spot Index had its best year in nearly a decade.
Oil was steady in the first session of the new year after an industry report indicated shrinking US crude stockpiles. Russian gas stopped flowing to Europe via Ukraine, closing off a route that’s operated for five decades. Both sides confirmed the halt Wednesday after a key transit deal expired.
Stock Trading
Masterclass on Value Investing and Company Valuation
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis
