Today's News Update - 9th April 2025
Asia
Asia-Pacific markets bounced back on Tuesday, recovering from earlier losses tied to U.S. tariff concerns.
Australia’s S&P/ASX 200 rose 2.27%, Japan’s Nikkei 225 gained 6.03%, and South Korea’s Kospi edged up 0.26%. Hong Kong’s Hang Seng Index climbed 1.51%, while Mainland China’s CSI 300 added 1.71%.
US
Stocks fell Tuesday as a brief rally faded amid renewed concerns over President Trump’s upcoming tariff deadline, imposing a 104% tariff on China.
The S&P 500 dropped 1.57% to 4,982.77, nearing a bear market, down nearly 19% from February. The Nasdaq fell 2.15% to 15,267.91, while the Dow dropped 320.01 points, or 0.84%, to 37,645.59, led by losses in Apple.
Commodity
Gold trimmed earlier gains on Tuesday as U.S. Treasury yields rose, though a weaker dollar and rising trade tensions between the U.S. and China supported prices.
Spot gold was up 0.1% at $2,984.16 per ounce, while U.S. gold futures rose 0.5% to $2,990.20.
U.S. crude oil closed below $60 per barrel, a four-year low, amid concerns that Trump’s tariffs could trigger a global trade war. U.S. crude dropped 1.85% to $59.58, while Brent fell 2.16% to $62.82.
The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion.
#Forex #trading #tradingforex
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