China manufacturing knowledge, South Korea CPI
A employee assembling a loader transmission mechanism at a producer in Qingzhou, China.
Nurphoto | Nurphoto | Getty Photographs
Australia market opened decrease on the final buying and selling day of the yr, whereas traders in Asia awaited manufacturing knowledge from China.
Australia’s S&P/ASX 200 traded 0.56% decrease on a shortened buying and selling day.
Japan and South Korea’s inventory markets are closed for the New 12 months’s Eve vacation. South Korea’s client inflation accelerated in December, rising 1.9% yr on yr. CPI got here in at 1.5% in November. On a month-on-month foundation costs rose 0.4%.
Merchants shall be monitoring China’s manufacturing PMI for December. Analysts polled by Reuters forecast a studying of fifty.3, the identical as November PMI. A studying above 50 signifies enlargement in exercise, whereas a determine beneath that stage factors to contraction.
Hong Kong’s inventory markets will have a shortened buying and selling day.
In a single day within the U.S., shares moved decrease in one of many last buying and selling classes of 2024, as a banner yr for traders seems to be ending on a bitter observe.
Buying and selling was uneven all through the day, and the Dow was down greater than 700 factors at session lows. There was no obvious information catalyst for Monday’s decline, and buying and selling was anticipated to be mild given the shortened week
The Dow Jones Industrial Common lose 418.48 factors, or 0.97%, to shut at 42,573.73. The S&P 500 fell 1.07% to five,906.94, and the Nasdaq Composite slid 1.19% to 19,486.78.
—CNBC’s Jesse Pound and Samantha Subin contributed to this report.
