📊 Morning Market Snapshot – 25.03.2025
🇨🇳 Asia in the Red
Hong Kong’s tech index declined 3.8% 📉 as investors responded to earnings updates and sector outlooks.
• Alibaba eased over 3% following leadership comments on AI infrastructure.
• Xiaomi saw a 6.6% dip after a share offering.
📉 US and EU futures also showed mild weakness.
💴 Bank of Japan: Gradual Policy Shift
BOJ minutes reveal discussion around the pace of future rate adjustments. Despite the January hike to 0.5%, real interest rates remain below zero. One member suggested a gradual move towards 1% by late 2025.
🇯🇵 Japan Targets Inflation
PM Ishiba plans to implement anti-inflation steps promptly after the fiscal 2025 budget is approved. December inflation rose to 3.6%, the highest in nearly two years.
🇺🇸 Tariff Developments Monitored
Investors await clarity on potential trade measures around the upcoming April 2 date. Reports suggest targeted rather than broad-based changes.
• Blackstone’s Jon Gray: “Patience is key — observe how trade talks evolve.”
• Fed's Bostic expects just one rate cut this year, citing global trade dynamics.
🥇 Gold Stays Resilient
Gold remains near the $3,000 level, last seen at $3,015/oz. Safe-haven demand continues despite stabilising risk sentiment.
💱 FX Update: Indonesian Rupiah & Chinese Policy
• The rupiah weakened amid fiscal policy adjustments.
• PBOC introduced more flexible lending tools, allowing varied pricing on one-year loans.
📈 China’s 30-year bond futures responded positively.
👥 Alibaba to Resume Hiring
Chairman Joseph Tsai announced a renewed recruitment phase, following a long hiring freeze. He referenced a recent government meeting with tech leaders as a signal to reinvest.
🛢️ Commodities & FX
• WTI crude: steady
• Gold: $3,015/oz
• EUR/USD: 1.0803
• USD/JPY: 150.56
• Dollar index: flat
🪙 Crypto Market Moves
• bitcoin: -1.6% to $86,504
• ether: -1.9% to $2,045
📉 Modest declines amid cautious macro outlook.
🇦🇺 Australia Budget Preview
Treasurer Jim Chalmers to present the budget later today. Economists project an A$40bn deficit through June 2026 — improved from earlier forecasts.
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