{"id":73979,"date":"2025-01-07T16:58:08","date_gmt":"2025-01-07T05:58:08","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=73979"},"modified":"2025-08-06T18:58:47","modified_gmt":"2025-08-06T08:58:47","slug":"tuesday-7th-january-2025-asia-pacific-markets-climb-amid-global-tech-rally","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-7th-january-2025-asia-pacific-markets-climb-amid-global-tech-rally\/","title":{"rendered":"Tuesday 7th January 2025: Asia-Pacific Markets Climb Amid Global Tech Rally"},"content":{"rendered":"\n<h3>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 2.11%, Shanghai Composite up 0.11%, Hang Seng down 1.82% ASX up 0.34%<\/li>\n\n\n\n<li>Commodities : Gold at $2654.35 (0.26%), Silver at $30.64 (0.38%), Brent Oil at $76.29 (-0.16%), WTI Oil at $73.46 (-0.15%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.610, UK 10-year yield at 4.6090, Germany 10-year yield at 2.4475<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Factory orders m\/m&nbsp; -0.4% vs -0.3% expected<\/li>\n\n\n\n<li>(USD) Final Services PMI 56.8 vs 58.5 expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p><br \/>Asia-Pacific markets climbed on Tuesday, driven by an overnight rally in U.S. technology shares. The S&amp;P 500 and Nasdaq Composite both posted back-to-back gains, fueled by strong performances in semiconductor stocks like Nvidia. This surge followed Foxconn\u2019s announcement of record fourth-quarter revenue, boosting optimism across the tech sector. Taiwan Semiconductor Manufacturing Company (TSMC) extended its rally, reaching a new high.<\/p>\n\n\n\n<p>In Japan, the Nikkei 225 led regional advances with a 2.49% gain, while the Topix rose 1.32%. However, shares of Nippon Steel fell 1.39% after the company and U.S. Steel filed a lawsuit against the U.S. government over President Joe Biden\u2019s decision to block Nippon Steel\u2019s $14.9 billion acquisition of the American company. South Korea\u2019s Kospi also saw a 1.02% increase, with Samsung Electronics rising 0.89%, while the smaller Kosdaq index added 0.47%.<\/p>\n\n\n\n<p>Australian markets followed suit, with the S&amp;P\/ASX 200 up 0.31% for a fourth consecutive day of gains. Meanwhile, in China, the CSI 300 inched up 0.13%, while Hong Kong\u2019s Hang Seng index dipped 0.57%. Hong Kong tech stocks faced pressure after the U.S. Defense Department labeled Tencent Holdings and CATL as \u201cChinese military companies.\u201d Tencent\u2019s shares tumbled over 5% during the session, reaching intraday losses as steep as 7.03%.<\/p>\n\n\n\n<p>In the U.S., the tech rally lifted the S&amp;P 500 by 0.55% and the Nasdaq by 1.24%. However, the Dow Jones Industrial Average underperformed, slipping 0.06% and reversing earlier gains.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>03:00 PM GMT &#8211; CAD Ivey PMI<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD ISM Services PMI<\/li>\n\n\n\n<li>03:00 PM GMT &#8211; USD JOLTS Job Openings<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets climbed on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":77277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73979"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=73979"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73979\/revisions"}],"predecessor-version":[{"id":73984,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/73979\/revisions\/73984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=73979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=73979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=73979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}