{"id":74179,"date":"2025-01-20T17:11:01","date_gmt":"2025-01-20T06:11:01","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=74179"},"modified":"2025-08-06T18:42:57","modified_gmt":"2025-08-06T08:42:57","slug":"monday-20th-january-2025-asia-pacific-markets-gain-ahead-of-trumps-inauguration","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-20th-january-2025-asia-pacific-markets-gain-ahead-of-trumps-inauguration\/","title":{"rendered":"Monday 20th January 2025: Asia-Pacific Markets Gain Ahead of Trump\u2019s Inauguration"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 1.26%, Shanghai Composite up 0.41%, Hang Seng up 2.5% ASX up 0.45%<\/li>\n\n\n\n<li>Commodities : Gold at $2747.35 (-0.06%), Silver at $31.25 (0.38%), Brent Oil at $80.69 (0.19%), WTI Oil at $77.4 (0.03%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.629, UK 10-year yield at 4.6555, Germany 10-year yield at 2.503<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) Building Permits&nbsp; 1.48M vs 1.46M expected<\/li>\n\n\n\n<li>(USD) Housing Starts&nbsp; 1.50M vs 1.33M expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets saw broad gains on Monday as investors awaited clarity on the policies of the incoming U.S. administration. Hong Kong\u2019s Hang Seng Index surged 2.41%\u2014its highest since Dec. 31\u2014driven by consumer cyclicals and educational services. Mainland China\u2019s CSI 300 rose 0.86% after the People\u2019s Bank of China kept its benchmark lending rates unchanged, with the 1-year LPR at 3.1% and the 5-year at 3.6%. The offshore yuan strengthened slightly to 7.3345 per dollar, while the onshore yuan traded at 7.323.<\/p>\n\n\n\n<p>Japan\u2019s Nikkei 225 climbed 1.19%, while the Topix added 1.16%. South Korea\u2019s Kospi dipped 0.18%, but the Kosdaq gained 0.48%. Australia\u2019s S&amp;P\/ASX 200 advanced 0.46%. In Malaysia, December exports surged 16.9% year over year, far surpassing Reuters\u2019 8.8% forecast, while imports grew 11.9%. Hong Kong is set to release its unemployment figures later in the day.<\/p>\n\n\n\n<p>Several Asian central banks are scheduled to meet this week. Malaysia\u2019s central bank is expected to maintain its 3% policy rate on Wednesday. The Bank of Japan will hold its policy meeting from Jan. 23-24, with Governor Kazuo Ueda signaling a potential rate hike. Singapore\u2019s Monetary Authority is set to convene on Friday.<\/p>\n\n\n\n<p>In the U.S., major indices posted their first weekly gains of 2024. The Dow Jones rose 334.70 points, the S&amp;P 500 gained 1%, and the Nasdaq advanced 1.51%. Meanwhile, Trump and Xi Jinping discussed trade, TikTok, and fentanyl on Friday, with Trump describing the talks as \u201cvery good.\u201d U.S. markets will remain closed on Monday.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>03:30 PM GMT &#8211; CAD BOC Business Outlook Survey<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets saw broad [&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\/74179"}],"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=74179"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74179\/revisions"}],"predecessor-version":[{"id":74184,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/74179\/revisions\/74184"}],"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=74179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=74179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=74179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}