Asian Stocks Surge Amid Dollar's Dominance and Economic Concerns

Asian markets experience a rebound despite a weak start to 2025, while the dollar remains near a two-year high. Concerns grow about U.S. rate hikes and economic challenges in China impacting global markets. Investors monitor employment and inflation data, and anticipate Trump's economic policies.


Devdiscourse News Desk | Updated: 03-01-2025 12:38 IST | Created: 03-01-2025 11:39 IST
Asian Stocks Surge Amid Dollar's Dominance and Economic Concerns
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Asian stock markets showed signs of recovery on Friday despite a faltering beginning to 2025, with the MSCI index climbing 0.38%. This rise comes as the dollar stays firm near a two-year peak, amid investor worries over prolonged high U.S. interest rates.

China's market remains volatile with the CSI 300 Index dipping 0.21%, facing its steepest weekly downturn in almost a year. Economists express concerns on a potential trade war with incoming President Trump as China's bond yields hit new lows.

European markets prepared for a quiet open, with little movement seen in futures. In the U.S., Wall Street faces declines as financial expectations shift following the Federal Reserve's fewer rate cut projects than anticipated.

(With inputs from agencies.)

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