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

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Asian stocks rise as US Fed holds rates steady: Nikkei gains 100 points

by admin January 30, 2025
January 30, 2025
Asian stocks rise as US Fed holds rates steady: Nikkei gains 100 points

Asian markets are trading in the green on Thursday, following negative cues from Wall Street after the US Federal Reserve left interest rates unchanged and noted that inflation remains “somewhat elevated.”

Investors reacted to a hawkish Fed policy statement, while concerns persisted over the US administration’s tariff threats and uncertainty surrounding trade and economic policies.

Markets in China, Hong Kong, Singapore, South Korea, Malaysia, and Taiwan remain closed for the Lunar New Year holidays. The closure of the major market lead to thin trading volumes in the region.

The Australian market is trading higher on Thursday, extending gains from the previous session despite Wall Street’s weakness.

The S&P/ASX 200 is above the 8,500 level, supported by gains in mining, energy, and financial stocks.

The index is up 53.70 points, or 0.65%, at 8,500.70 after reaching a high of 8,515.70 earlier.

In Japan, the market is trading modestly higher in choppy sessions after opening in negative territory, continuing its gains from Wednesday.

The Nikkei 225 is moving toward the 39,500 level, with advances in technology stocks partially offset by weakness in index heavyweights and financial stocks.

At the time of writing, the index was up 0.30% to trade at 39,534.76.

Among individual stocks, SoftBank Group is down more than 1%, while Fast Retailing is edging lower by 0.3%. Toyota is up 0.3%, while Honda is down 0.4%.

Media reports suggest that SoftBank is in negotiations to invest between $15 billion and $25 billion directly into OpenAI. If the deal goes through, Softbank would surpass Microsoft as OpenAI’s biggest investor.

Wall Street stocks tumble after Fed pause

US stocks ended lower on Wednesday, giving back some of the gains from the previous session. The major averages recovered from deeper losses earlier in the day but still finished in negative territory.

The Nasdaq declined 101.26 points, or 0.5%, to 19,632.32, while the S&P 500 dropped 28.39 points, or 0.5%, to 6,039.31. The Dow slipped 136.83 points, or 0.3%, to close at 44,713.52.

The market’s pullback followed the Federal Reserve’s decision to leave interest rates unchanged after its first policy meeting of 2025, a move that was widely anticipated.

The central bank kept interest rates at 4.25% to 4.50%, maintaining its stance in pursuit of maximum employment and stable inflation at 2% over the long run.

The Fed cited inflation as “somewhat elevated” and reiterated its commitment to bringing it back to its 2% target.

The central bank’s next monetary policy meeting is scheduled for March 18-19, when officials will provide updated projections for interest rates, inflation, and economic growth.

According to the CME Group’s FedWatch Tool, there is a 71.6% probability that the Fed will keep rates unchanged and a 28.2% likelihood of a quarter-point rate cut.

The post Asian stocks rise as US Fed holds rates steady: Nikkei gains 100 points appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Macquarie’s Blueleaf to invest $400M in Jakson Green’s 1 GW solar push in Rajasthan
next post
Federal Reserve takes a pause, keeps interest rates unchanged

Related Posts

Pakistan election candidate shot dead as violence escalates...

February 1, 2024

Who was freed in major prisoner swap between...

August 2, 2024

At least 14 killed after billboard collapses in...

May 15, 2024

Denmark closes major shipping strait over faulty missile launcher

April 6, 2024

Trump and Musk slash federal workforce as mass...

February 15, 2025

Ecuador president’s war on crime gets a boost...

April 24, 2024

Israeli military retreats from northern Gaza, leaving dozens...

July 14, 2024

Macron’s party wins parliamentary president role despite rebuke...

July 19, 2024

Prince Harry won’t see King Charles during UK...

May 9, 2024

Aging Voyager 1 sends back surprising response after...

March 15, 2024

    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

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • 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