Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Three times more fatal! Thanks to the SIC, China’s J-20 stealth fighters can now detect enemy jets at distances such as F-35, F-22, and more.

Chinese researchers release the world’s first fully automated AI-based processor chip design system

Today’s Earthquake: Massive Trembling 3.8 Jorz Afghanistan

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » South Korea’s KOSPI rebounds sharply, and Asian stocks rise
Business

South Korea’s KOSPI rebounds sharply, and Asian stocks rise

Adnan MaharBy Adnan MaharJanuary 3, 2025No Comments2 Mins Read0 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


Investing.com – Most Asian stocks rose on Friday, led by a sharp rise in South Korean stocks, but Chinese stocks pared earlier losses on hopes of new stimulus from the world’s second-largest economy. The section was reversed.

Japan’s stock markets have been closed and will remain closed until January 6, resulting in lower trading volumes.

U.S. stock index futures edged higher in Asian trading on Friday, stabilizing from a weak performance at the end of 2024.

South Korean stocks soar, lifting broad sentiment

South Korea’s index ended a five-day losing streak on Friday and rose nearly 2%. The index covered most of this week’s losses and was on track for weekly gains.

Amid an unprecedented political crisis, South Korea on Thursday announced policy measures aimed at attracting foreign investment to stabilize financial markets and stimulate domestic demand. The efforts come as the country grapples with declining consumer confidence and growing economic uncertainty.

South Korean President Yun Seok-Yeol was impeached and suspended from office on charges of rioting and abuse of power.

According to the latest update, authorities entered Ng’s compound on Friday, avoiding protesters who had gathered outside to execute the arrest warrant.

Other regional markets took the recovery in Korean stocks as a positive cue, as South Korea is seen as a key pillar of the East Asian economy.

The Philippine index rose nearly 1%, while Singapore’s index rose slightly on Thursday.

Australia’s index rose 0.6% and India’s index rose 0.2%.

Chinese stocks cut early losses on hopes of new economic stimulus

Chinese stocks were mostly weak, with the index down 0.2%. Both indexes were low early in the session.

The Hong Kong index rose 1%.

The People’s Bank of China has announced that it will lower interest rates from the current 1.5% level “at an appropriate time” in 2025, the Financial Times reported on Friday.

The central bank lowered interest rates in September 2024. Government officials have signaled they will ease monetary policy in 2025 and recently launched a series of stimulus measures to boost the struggling economy.

A day earlier, data showed Chinese growth slowed more than expected in December, suggesting the effects of recent stimulus measures are wearing off.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleFormer UFC champion has perfect ideas for Donald Cerrone’s return fight
Next Article Mark Zuckerberg gives meta a MAGA-friendly makeover
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

India’s pharmasect is ranked third in the world and leads in affordable drugs

May 18, 2025

Casting Director Frees Hindi Cinemas from Stock Characters: Shabana Azmi | Hindi Movie News

February 18, 2025

Wall Street today: Focusing with US stock and Trump tariffs

February 18, 2025
Leave A Reply Cancel Reply

Top Posts

20 Most Anticipated Sex Movies of 2025

January 22, 2025108 Views

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 2024101 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202458 Views

How to tell the difference between fake and genuine Adidas Sambas

December 26, 202437 Views
Don't Miss
AI June 1, 2025

Dig into Google Deepmind CEO “Shout Out” Chip Engineers and Openai CEO Sam Altman, Sundar Pichai responds with emojis

Demis Hassabis, CEO of Google Deepmind, has expanded public approval to its chip engineers, highlighting…

Google, Nvidia invests in AI startup Safe Superintelligence, co-founder of Openai Ilya Sutskever

This $30 billion AI startup can be very strange by a man who said that neural networks may already be aware of it

As Deepseek and ChatGpt Surge, is Delhi behind?

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Three times more fatal! Thanks to the SIC, China’s J-20 stealth fighters can now detect enemy jets at distances such as F-35, F-22, and more.

Chinese researchers release the world’s first fully automated AI-based processor chip design system

Today’s Earthquake: Massive Trembling 3.8 Jorz Afghanistan

Most Popular

ATUA AI (TUA) develops cutting-edge AI infrastructure to optimize distributed operations

October 11, 20020 Views

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.