US EditionPublished • loading... • Updated
Asian shares trade higher ahead of Lunar New Year holidays and gold prices fall
- On Monday, Asian shares traded higher while gold declined as several stock markets were closed or on half-days ahead of the Lunar New Year, which falls on Tuesday.
- A cooling inflation report last month steadied markets and offered more room for another Federal Reserve interest-rate cut, while AI-driven market worries hit software firms including technology company AppLovin.
- Hong Kong's market led gains as Hang Seng rose 0.5% to 26,705.94, Australia's S&P/ASX 200 gained 0.3% to 8,940.60, Tokyo's Nikkei 225 edged 0.1% higher, while the S&P 500 edged up less than 0.1% and the Nasdaq composite fell 0.2% Friday with Nvidia down 2.2%.
- Commodities reacted with metals lower as gold fell 1.1% to $4,994.60 and silver dropped 3.8% to $75.04, while U.S. futures rose about 0.2% and crude oil edged higher.
- Japan's weak growth raises policy prospects as Japan's October-December economic growth slowed to an annualized 0.2%, increasing chances of fiscal stimulus, Marcel Thieliant wrote.
Insights by Ground AI
16 Articles
16 Articles
Associated Press News+11 Reposted by 11 other sources
Asian shares trade higher ahead of Lunar New Year holidays and gold prices fall
Asian markets are higher ahead of Lunar New Year holidays. Japan’s Nikkei 225 dipped after new data showed weaker-than-expected economic growth in the latest quarter.
·United States
Read Full Article
Coverage Details
Total News Sources16
Leaning Left7Leaning Right0Center8Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 47%
C 53%
Factuality
To view factuality data please Upgrade to Premium
