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As on : 23-May-2025
Market Commentary - Foreign Markets
23-May-2025     15:01

Chinese benchmark index edge lower 0.94%

Asian stocks ended mixed on Friday despite a retreat in U.S. Treasury yields and comments from a Federal Reserve official that the U.S. central bank might lower interest rates in 2025 if tariff issues are resolved.

The dollar was on course to snap a four-week winning streak due to U.S. fiscal health worries. Gold headed for its biggest weekly jump in 1-1/2 months on safe-haven demand.

Oil prices fell for a fourth consecutive session and headed for its first weekly loss since April as traders braced for a potential supply boost from OPEC+.

China's Shanghai Composite index fell 0.94 percent to 3,348.37 despite efforts by the country's central bank to boost spending. Hong Kong's Hang Seng index finished 0.24 percent higher at 23,601.26 after a volatile session.

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