Today's News Update - 24th April 2025
Asia
Asia-Pacific markets gained on Wednesday, boosted by positive U.S. stock performance and optimism over easing U.S.-China trade tensions.
Trump suggested tariffs on Chinese exports would be lower than 145% but not 0%, and reassured investors about Fed Chair Powell’s position.
Hong Kong led the gains with a 2.37% rise in the Hang Seng Index, while Japan’s Nikkei 225 rose 1.89%. Australia’s S&P/ASX 200 climbed 1.33%. Mainland China’s CSI 300 ended flat.
US
Stocks surged on Wednesday, driven by optimism that U.S.-China trade tensions might ease, alongside President Donald Trump’s indication that he has no intention of removing Federal Reserve Chairman Jerome Powell.
The Dow Jones Industrial Average gained 419 points, or 1.07%, the S&P 500 rose 1.67%, and the Nasdaq Composite jumped 2.5%.
Commodity
Gold fell on Wednesday as risk appetite rose after Trump’s comments on the Fed and U.S.-China tariffs. Spot gold dropped 2.2% to $3,305.79, while U.S. futures fell 2.9%.
Oil prices also declined, with Brent crude down $1.86 to $65.58 and U.S. WTI down $1.91 to $61.76, amid reports of OPEC+ output increase.
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.
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