Today's News Update - 29th Nov 2024 Asia Asia-Pacific markets mostly advanced on Thursday as investors digested Wall Street’s stalled rally. Japan’s Nikkei 225 rose 0.56% to close at 38,349.06, while the Topix added 0.82% to end at 2,687.28. Australia’s S&P/ASX 200 climbed 0.45% to a record close of 8,444.3. In contrast, Hong Kong’s Hang Seng dropped 1.31% in late trading after Wednesday’s sharp rally, and China’s CSI 300 slipped 0.88% to close at 3,872.55. US U.S. markets dragged down by losses in major technology stocks. Nvidia fell over 1%, while Meta Platforms dropped 0.8%. Dell and HP tumbled more than 12% and 11%, respectively, after issuing weak earnings forecasts. The S&P 500 slipped 0.38% to 5,998.74, ending a seven-day winning streak. The Nasdaq Composite declined 0.6% to 19,060.48, and the Dow Jones Industrial Average fell 138.25 points (0.31%) to 44,722.06, reversing earlier gains of over 140 points. Commodity Gold prices eased on Thursday as a stronger U.S. dollar weighed on the metal, while investors analyzed economic data pointing to stalled inflation progress, hinting that the Federal Reserve may proceed cautiously with further rate cuts. Spot gold declined 0.3% to $2,627.60 per ounce. Oil prices also dipped in Asian trading, as an unexpected rise in U.S. gasoline inventories ahead of Thanksgiving raised concerns about demand in the world’s largest fuel consumer. Brent crude futures slipped 4 cents (0.1%) to $72.79 per barrel, while U.S. West Texas Intermediate crude futures edged down 1 cent to $68.71 per barrel. 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