Today's News Update - 28th April 2025
Asia
Asian markets rose as Wall Street gained for a third day, fueled by a tech stock rally and easing U.S.-China trade tensions. China may consider waiving its 125% tariff on some U.S. goods. Hong Kong's Hang Seng rose 0.24%, Japan's Nikkei 225 climbed 1.9%, and Australian markets were closed for a holiday.
US
The S&P 500 climbed on Friday, extending its weekly gains, driven by strong performances in tech stocks. The index ended 0.74% higher at 5,525.21, while the Nasdaq gained 1.26% to close at 17,282.94. Alphabet rose 1.5%, Tesla surged 9.8%, and Nvidia and Meta gained 4.3% and 2.7%, respectively. The Dow inched up 0.05%, or 20 points, finishing at 40,113.50.
Commodity
Gold prices fell 2% on Friday, heading for a weekly loss, as the dollar rose and easing U.S.-China trade tensions weighed on the metal. Spot gold dropped 1.7% to $3,290.43 an ounce, while U.S. gold futures fell 1.6% to $3,299.00.
Oil prices also declined for the week, with Brent crude rising 32 cents to $66.87 a barrel and WTI crude adding 23 cents to $63.02 a barrel. Brent dropped over 1% and WTI fell more than 2% this week.
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.
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