Today's News Update - 17th April 2025
Asia
Asia-Pacific markets mostly fell Wednesday after Wall Street’s decline, as investors weighed earnings and tariff concerns.
Hong Kong’s Hang Seng dropped 1.91% to 21,056.98, while China’s CSI 300 rose 0.31% to 3,772.82 following stronger-than-expected 5.4% Q1 GDP growth. Despite the upbeat data, U.S. tariff threats have led banks to cut China’s growth outlook.
Japan’s Nikkei slipped 1.01% to 33,920.4, and Australia’s ASX 200 ended at 7,758.9.
US
Stocks sank Wednesday after Nvidia's weak outlook hit tech shares and Fed Chair Jerome Powell warned of tariff-related economic risks.
The Dow fell 699.57 points, or 1.73%, to 39,669.39. The S&P 500 dropped 2.24% to 5,275.70, while the Nasdaq slid 3.07% to 16,307.16, nearing bear market territory at 19% below its peak.
Commodity
Gold prices hit a record high on Wednesday, surpassing $3,300 per ounce, as a weaker dollar and U.S.-China trade tensions boosted demand for the metal.
Spot gold rose 3.1% to $3,327.78, and U.S. futures gained 3.2% to $3,344.10.
Oil prices also rose over $1 a barrel on concerns over global supply after new U.S. sanctions on Chinese importers of Iranian oil.
Brent crude climbed 1.82% to $65.85, and U.S. West Texas Intermediate rose 1.86% to $62.47.
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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