Workers assemble loader transmission mechanisms at a manufacturer in Qingzhou, China.
Noor Photos | Noor Photos | Getty Images
Australian shares opened lower on the final trading day of the year, while Asian investors awaited manufacturing data from China.
Australian S&P/ASX 200 Index The trading day was shortened, and the stock price fell 0.56%.
Japanese and South Korean stock markets were closed for the New Year’s Eve holiday. South Korea’s consumer inflation accelerated in December, Annual growth of 1.9%. The CPI in November was 1.5%. A month-on-month increase of 0.4%.
Traders will focus on China’s manufacturing PMI for December. Analysts polled by Reuters expected the value to be 50.3, the same as the November PMI. A reading above 50 indicates an expansion in economic activity, while a reading below that level indicates a contraction.
Hong Kong stock market will Trading days shortened.
Overnight, U.S. stocks traded lower on the final trading day of 2024, as what investors considered a great year appeared to be ending on a sour note.
Trading was volatile throughout the day, with the Dow Jones index falling more than 700 points, hitting a session low. There is no obvious news catalyst for Monday’s decline, and thin trading is expected given the shortened week
this Dow Jones Industrial Average It fell 418.48 points, or 0.97%, to close at 42,573.73 points. this S&P 500 Index fell 1.07% to 5,906.94, Nasdaq Index It fell 1.19% to 19,486.78.
—CNBC’s Jesse Pond and Samantha Subin contributed to this report.
