Benchmark indexes in China and Hong Kong declined amid worries of higher-for-longer U.S. interest rates in 2025. China's exports and trade surplus advanced in December as customers front-loaded orders ahead of a possible increase in the U.S. tariffs.

Benchmark indexes in Japan struggled to advance for the third session and second week in a row amid growing caution and uncertainties related to interest rate trajectory. Japan's household spending, adjusted for inflation, declined for the fourth month in a row in November, confirming ongoing weakness in consumer spending.

Benchmark indexes in China and Hong Kong extended weekly losses to over 4% amid worries linked to economic growth deceleration and lack of catalysts for corporate earnings growth.

Japan's nominal wages increased for the 35th month in a row in November, but real wages adjusted for inflation declined for the fourth consecutive month.

Consumer price inflation dropped to a nine-month low, and producer price deflation extended to the 27th month in a row in December. Tencent Holdings stepped up its stock buyback following the sharp decline in price over the last two weeks.

Tokyo stocks lacked direction, and benchmark indexes managed to rebound from the worst levels of the session.

Benchmark indexes in China and Hong Kong extended losses amid waning enthusiasm about the fiscal stimulus measures, rising geopolitical tensions, and a lack of corporate earnings growth.



The Nikkei 225 stock average and the TOPIX index rebounded, tracking a surge in semiconductor stocks in New York following the quarterly sales update from Taiwan-based Foxconn.

Tech companies in Hong Kong fell sharply after the U.S. placed CATL, Cosco Shipping, and Tencent Holdings on a potential investment banned list.

Benchmark indexes in Japan closed down on the first trading session of 2025 after investors returned from a week-long holiday.

Chinese central bank governor and policymakers vowed to offer additional fiscal and monetary support to revive consumer spending. Shanghai and Shenzhen stock market executives confirm recent meetings with foreign investors and reiterated their commitments to further deregulating capital markets.

Reliance Industries completed its largest bond offering in two years. Bajaj Finance said assets under management and deposits advanced in the fiscal third quarter. Adani Wilmar reported weak volume growth in the December quarter.

In 2024 China and Hong Kong indexes closed up 16% and 19%, respectively. The Hang Seng index halted a 4-year slide and the CSI 300 index arrested a 3-year decline and closed at levels last seen in five years ago.

Japan's key stock indexes delivered strong performance in 2024 amid a rise in corporate earnings driven in part by a weaker yen and the BoJ's plan to raise interest rates gradually.



Stock market indexes in China and Hong Kong lacked direction in thin trading as four companies completed their public offerings, in the busiest listing day in Hong Kong in six months.

Japan's retail sales expanded for the 32nd month and rose at the fastest pace in three months, supported by the continuing rise in wages. The Nikkei Stock Average extended its weekly gain to 3.5%.