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

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Asian markets mixed as Wall Street sell-off, German election results drive sentiment

by admin February 24, 2025
February 24, 2025
Asian markets mixed as Wall Street sell-off, German election results drive sentiment

Asian markets traded mixed on Monday as investors reacted to Wall Street’s worst session of the year, driven by concerns over a slowing US economy and persistent inflation.

Meanwhile, European markets and the euro climbed following Germany’s election, where conservative leader Friedrich Merz emerged victorious, though coalition talks remain uncertain.

Australia’s S&P/ASX 200 was largely flat amid choppy trading.

In South Korea, the Kospi fell 0.76%, while the Kosdaq dropped 1.01%.

Hong Kong’s Hang Seng Index edged 0.13% higher at the open, while China’s CSI 300 slipped 0.46%.

Japanese markets remained closed for a public holiday.

Singapore’s January inflation report is due later in the day, with a Reuters poll forecasting the city-state’s consumer price index (CPI) at 2.15% year-over-year, up from 1.60% in December.

Core inflation, which excludes accommodation and private transport, is expected to ease to 1.5%, down from 1.8% in the prior month.

Wall Street reels from sharp losses

US stocks ended sharply lower on Friday as economic data pointed to weakening growth and stubborn inflation.

The sell-off deepened on fears of potential policy moves by President Donald Trump, who has already announced new tariffs and regulatory shifts in his first month back in office.

  • Dow Jones Industrial Average dropped 748.63 points (-1.69%) to 43,428.02, marking its worst session of the year and extending a two-day decline to nearly 1,200 points.
  • S&P 500 slid 1.71% to 6,013.13, retreating after hitting a record high last Wednesday.
  • Nasdaq Composite tumbled 2.2%, closing at 19,524.01, as tech stocks bore the brunt of selling pressure.

German election fuels optimism in European markets

European stocks and the euro advanced on Monday after Germany’s election results delivered no unexpected surprises.

DAX futures jumped 1.1%, while the euro strengthened 0.5% to $1.0516, approaching its January high of $1.0535.

EUROSTOXX 50 futures climbed 0.4%, while FTSE futures added 0.1%.

Despite Merz’s victory, uncertainty looms over Germany’s next coalition government, as negotiations will determine whether a one- or two-party coalition will take shape.

The political landscape could impact Germany’s economic policies and European Union dynamics, particularly as EU leaders prepare for an extraordinary summit on March 6 to discuss further Ukraine aid and defense spending.

Investors are now turning their attention to AI powerhouse Nvidia, whose upcoming earnings report could influence global market sentiment.

With tech valuations at record highs, Nvidia’s results will be a key test for whether the AI-driven rally in US stocks can continue.

Perpetual shares drop after scrapping KKR deal

Shares of Australia’s Perpetual Ltd fell 3.62% on Monday after the asset management firm announced it had terminated talks with KKR over the sale of its wealth management and corporate trust businesses.

The deal, reportedly valued at A$2.2 billion ($1.4 billion), was called off after an independent expert deemed it “not in the best interests of shareholders.”

Despite ending discussions with the US private equity giant, Perpetual stated it would pursue a separate sale of its wealth management division.

KKR, meanwhile, has claimed that a break fee is payable and has reserved the right to seek further damages, according to Perpetual’s filing. The Australian firm, however, rejected KKR’s claims.

The post Asian markets mixed as Wall Street sell-off, German election results drive sentiment appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Li Auto stock price: here’s why this EV giant is about to surge
next post
Solana price prediction as the SOL meme coin bubble bursts

Related Posts

US-China trade truce lifts China’s economic outlook and...

May 13, 2025

RTX stock price is firing on all cylinders:...

October 2, 2024

Apple slips to third in China’s smartphone market,...

January 16, 2025

Why biofuel adoption in shipping faces supply and...

May 27, 2025

CDC data highlights surge in obesity rates, driving...

September 13, 2024

Clothing chain Bob’s Stores closing after 70 years

July 5, 2024

Judge denies Musk’s request to block OpenAI’s for-profit...

March 5, 2025

AI cryptos recover as DeepSeek hype fades: what’s...

January 31, 2025

Israel-Iran conflict triggers rally in Indian defence stocks:...

June 17, 2025

Will Trump let TikTok operate in US temporarily...

December 23, 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

    • 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