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17/01/2024

Today’s Announcements & News

Asia

Hong Kong led declines in Asia-Pacific markets on Tuesday, with the Hang Seng index falling 2.06%. In mainland China, the CSI 300 index reversed losses to gain 0.61%. Japan’s Nikkei 225 dropped 0.79%, ending a six-day winning streak, and the Topix fell 0.82%. Australia’s S&P/ASX 200 marked a third straight day of losses, falling 1.09%. South Korea’s Kospi declined 1.12%, reaching its lowest level since December 7, while the Kosdaq fell 0.57%. The Nikkei, which had recently hit key milestones, closed at 35,619.18, and the Nikkei’s strong performance in recent days was halted.

US

The Dow Jones Industrial Average fell 0.9% on Tuesday, with the S&P 500 and Nasdaq Composite slipping 0.5% and 0.4%, respectively. Boeing shares dropped 8% after a downgrade by Wells Fargo, while AMD shares rose 7% on positive analyst commentary. The 10-year Treasury note yield increased to 4.071% following comments by Federal Reserve Governor Christopher Waller, suggesting a potentially slower pace of monetary policy easing.

Commodity

Oil prices experienced volatility on Tuesday as investors assessed the impact of Middle East tensions, alongside a stronger dollar and reduced expectations of U.S. interest rate cuts. Brent crude futures were up 0.2% at $78.31 a barrel.

Gold prices fell over 1% on Tuesday due to a firmer dollar and higher U.S. Treasury yields, influenced by Federal Reserve Governor Christopher Waller’s hawkish comments on potential interest rate cuts this year. Spot gold was at $2,033.39 per ounce, while U.S. gold futures dropped 0.7% to $2,036.80.

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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