American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asian stocks jittery on Tuesday: Nikkei slips 450 points, Hang Seng trades flat

by admin January 28, 2025
January 28, 2025
Asian stocks jittery on Tuesday: Nikkei slips 450 points, Hang Seng trades flat

Asian stock markets are trading jittery on Tuesday, reflecting the mixed performance in US markets overnight.

Most major markets in the region are closed for the Lunar New Year holidays, and traders remain cautious ahead of key monetary policy announcements from the Bank of Canada, the US Federal Reserve, and the European Central Bank later this week.

Markets in China, South Korea, Taiwan, and Indonesia are closed today due to the Lunar New Year holidays.

Nikkei continues to slip

In Japan, the stock market is sharply lower on Tuesday, continuing the downward trend from the previous two sessions.

The Nikkei 225 index is hovering just above the 39,000 level, weighed down by weakness in most sectors, particularly heavyweights and technology stocks.

Financial stocks are the only bright spot.

The Nikkei 225 Index closed the morning session at 39,340.15, down 225.65 points or 0.57%, after hitting a low of 38,886.05 earlier.

Among major stocks, SoftBank Group is down almost 6%. Automakers Honda and Toyota are seeing slight declines of 0.5% and 0.4%, respectively. In the tech sector, Advantest is down more than 9%, Tokyo Electron is losing over 5%, and Screen Holdings is down 3.5%.

Shares of Japanese semiconductor-related companies extended their losses on Tuesday after Monday’s selloff, driven by the release of the Chinese AI model DeepSeek.

The DeepSeek AI model said to be developed for under $6 million, has raised questions about whether smaller, cost-efficient AI models can disrupt the dominance of large-scale, capital-intensive projects from Silicon Valley.

Other regional markets

The Hang Seng Index opened Tuesday’s session with a 0.69% gain, rising 139.69 points to 20,337.46, marking its third consecutive day of positive movement.

However, the index moderated in the later hours of trading. At the time of writing, the Hang Seng index traded 0.20% higher at 20,237.99.

Technology stocks led the charge, with Tencent rising 1.3%, Alibaba up by 1.4%, and Meituan also gaining 1.4%. Xiaomi surged 2%, JD.com added 0.7%, and Kuaishou rose 1.1%.

In Australia, the stock market is trading relatively flat on Tuesday after gains in the previous session.

The benchmark S&P/ASX 200 index remains above 8,400, with gains in iron ore miners and financial stocks offset by weakness in gold miners, energy, and technology sectors.

US stocks buckle under DeepSeek pressure

U.S. stocks closed mostly lower on Monday, with tech stocks taking a severe beating.

The S&P 500 dropped 88.96 points, or 1.46%, finishing at 6,012.28, and the Nasdaq fell 612.47 points, or 3.07%, to 19,341.83.

However, the Dow Jones Industrial Average gained 289.33 points, or 0.65%, to close at 44,713.58.

Technology stocks faced notable losses, driven by concerns over earnings amid the emergence of DeepSeek, a Chinese AI startup.

Its AI Assistant overtook ChatGPT on Apple’s App Store, raising fears that the US AI leaders could face increasing competition.

DeepSeek’s rise cast doubt on Silicon Valley’s substantial AI investments and the future of the US’s technological edge in the field.

Wall Street was also weighed down by concerns about interest rates ahead of the Federal Reserve’s upcoming policy meeting.

While the central bank is expected to leave rates unchanged, investors are closely monitoring the accompanying statement for insights on future rate decisions.

Recent economic data has fueled concerns that rates could remain higher for an extended period, although many economists still anticipate rate cuts in the first half of the year.

The CME Group’s FedWatch Tool currently signals a 78% chance of a rate reduction of at least 0.25% by the Fed’s June meeting.

The post Asian stocks jittery on Tuesday: Nikkei slips 450 points, Hang Seng trades flat appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
UPS stock price slowly forms a rare pattern, pointing to a rebound
next post
UPS stock price slowly forms a rare pattern, pointing to a rebound

Related Posts

Long BYRN: Byrna Technologies Surges Past Previous Highs...

February 11, 2025

Paramount Global lays off about 800 employees, a...

February 15, 2024

Boop crypto surges 242% in 24 hours as...

May 2, 2025

Geopolitics more crucial than interest rates in Japan...

September 24, 2024

If you invest $1,000 in Snap stock today,...

October 24, 2024

Top CAC 40 Index shares to watch next...

April 25, 2025

Palo Alto Networks post-earnings decline: a short-term setback...

May 21, 2025

Long APH: Amphenol Corp Surges Past $76 on...

January 23, 2025

Asian stocks close mostly higher: Nikkei up 0.41%,...

May 8, 2025

Can Boeing’s enhanced safety measures stabilize its stock...

January 4, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,199)
    • Investing (2,531)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved