Asian Markets Mixed Amid Economic Concerns
Asian Markets Mixed Amid Economic Concerns

Asian Markets Mixed Amid Economic Concerns

News summary

Asian markets exhibited mixed performance as investors analyzed China's economic growth data for 2024, which reported a 5% increase, slightly exceeding expectations. Despite this growth, concerns persist regarding weak domestic consumption and a struggling property sector, with analysts predicting a potential decline in growth to 4.4% this year. In December, retail sales in China rose by 3.7%, and industrial output grew by 6.2%, providing some positive signals, yet overall sentiment remained cautious ahead of Donald Trump's return to the White House, raising fears of renewed trade tensions. Japan's Nikkei and South Korea's KOSPI showed minor gains, while Hong Kong's Hang Seng index also edged up amid tariff discussions by Trump's economic team. Conversely, the Shanghai Composite experienced a slight decline, affected by significant stock losses in the region. Overall, global market dynamics remain uncertain as traders await critical U.S. inflation data that could influence future monetary policy.

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Last Updated
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