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A currency trader passes by a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 7, 2025. Japan's benchmark Nikkei 225 jumped 2.4% in morning trading to 40,248.68. Australia's S&P/ASX 200 edged up 0.3% to 8,279.30. South Korea's Kospi added nearly 1.0% to 2,513.39. Hong Kong's Hang Seng index slid 0.3% to 19,635.67, while the Shanghai Composite was little changed, inching down less than 0.1% to 3,205.55.block a proposed nearly $15 billion deal
"The convergence of these financial indicators points to a heightened alert among traders, who carefully calibrate their strategies for potential shifts in policy and economic directives that the new administration may bring," he said.following five straight losses, its longest losing streak since April. The Dow Jones Industrial Average lost an early gain to slip 25 points, or 0.1%, and the Nasdaq composite gained 1.2%.
All told, the S&P 500 rose 32.91 points to 5,975.38. The Dow Jones Industrial Average slipped 25.57 to 42,706.56, and the Nasdaq composite jumped 243.30 to 19,864.98.But in a potentially market-moving event later in the week, the Federal Reserve will release the minutes from its last policy meeting, where it cut its main interest rate for a third straight time.
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