Asia-Pacific markets are poised to open lower today as they follow Wall Street's decline on the final trading day of the year. Australia's market opened lower, while investors await manufacturing data from China. Japan and South Korea's markets are closed for the New Year's Eve holiday. Traders are closely watching China's December manufacturing PMI, with analysts predicting a reading of 50.3, the same as November. Overnight in the U.S., stocks fell in one of the final trading sessions of 2024, ending a strong year for investors on a down note.
Asia-Pacific markets are set to open lower on the last day of the year, tracking a day of losses in Wall Street .Australia market opened lower on the last trading day of the year, while investors in Asia awaited manufacturing data from China .Japan and South Korea's stock markets are closed for the New Year's Eve holiday. South Korea's consumer inflation accelerated in December,Traders will be monitoring China 's manufacturing PMI for December.
Overnight in the U.S., stocks moved lower in one of the final trading sessions of 2024, as a banner year for investors appears to be ending on a sour note. Ivy league sociologist: The 4-word phrase you should never say to your kids if you want them to be successful and well-adjustedTrading was choppy throughout the day, and the Dow was down more than 700 points at session lows. There was no apparent news catalyst for Monday's decline, and trading was expected to be light given the shortened week
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