Traders in Asia assessed Beijing's announcement of"more proactive" fiscal measures and"moderately" looser monetary policy next year as part of efforts to boost domestic consumption.Investors also await an interest rate decision from Australia set for later in the day. A poll from Reuters expects the Reserve Bank of Australia to hold the benchmark rate at 4.35% for the 10th consecutive time.
The broad market S&P 500 fell 0.61% to close at 6,052.85, and the tech-heavy Nasdaq slid 0.62% to end at 19,736.69. Thetopping $100,000 for the first time everIndia appoints Revenue Secretary Sanjay Malhotra as new central bank governor Deutsche Bank has named seven London-listed companies in the business services sector as its top investment picks for 2025, highlighting shares with strong growth potential and defensive characteristics in an uncertain market environment.Unpredictable risks may leave markets vulnerable, says UBS
However, Draho added that while this is"great for holiday spirit," it does leave the market more vulnerable to even small risks happening.