Asian markets rose on Friday after U.S. stock indexes slipped as Wall Street’s weak end to last year carried into 2025.Japan’s market is closed for the New Year holiday. The dollar remained steady on Friday, trading at 157.29 Japanese yen, down from 157.51 yen. In early December, it had been hovering around 150 yen.
The ministry also announced it was adding export restrictions on specific technologies used in manufacturing battery components and processing critical minerals such as lithium and gallium. Tesla helped drag the market lower after disclosing it delivered fewer vehicles in the last three months of 2024 than analysts expected. The electric-vehicle company’s stock slumped 6.1%.
Some Big Tech stocks also helped limit the market’s losses. Nvidia, whose chips are powering the world’s move into artificial-intelligence technology, rose 3% after following up its nearly 240% surge in 2023 with a better than 170% jump last year. Inflation has remained stubbornly above the Fed’s 2% target, and Trump’s pushing for tariffs and other policies has raised worries about potentially more upward pressure on prices that U.S. consumers have to pay. That drove the Fed to say recently it will likely deliver fewer of the economy-juicing cuts to interest rates in 2025 than it had earlier thought.
Nederland Laatste Nieuws, Nederland Headlines
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