Archive · 28 Nov 2025
Asian Stocks Wobble as Global Rally Fades
Asian stocks started the day with a wobble on Friday, as the big rise in global stock prices over the past week seemed to be slowing down.
In South Korea and Japan, stock indexes opened lower, while Australia saw a small increase.
This comes after a strong week for global stocks, as investors are hopeful that the Federal Reserve in the US will cut interest rates.
Chinese stocks are in the spotlight after a big bank said they could do well next year.
Meanwhile, oil prices are falling for the fourth month in a row, and there's talk about a possible end to the war in Ukraine, which could affect oil supplies.
In Australia, big banks are doing poorly, and there's talk that the central bank might raise interest rates in the future.
The Bank of Japan is also expected to raise interest rates soon.
Overall, it's a mixed day for global markets.
Asian stocks opened lower on Friday, with indexes in South Korea and Japan declining, while Australia edged higher.
Global stocks remained flat but are on track for their best week since June as investors anticipate Fed interest-rate cuts.
Chinese stocks are in focus after JPMorgan Chase raised its recommendation to 'overweight', citing potential for large advances next year.
Australian shares were little changed but are set for their worst November since 2014, with heavyweight banks tumbling on valuation concerns.
Oil prices are heading for their longest run of monthly losses in over two years, with OPEC+ meeting this weekend and Ukraine conflict talks ongoing.
- Who
- Investors, traders, central banks, and financial institutions
- What
- Global stock markets showing signs of losing momentum after a rally
- When
- Friday, November 28, 2024
- Where
- Asia, with focus on South Korea, Japan, Australia, and China
- Why
- Concerns over frothy AI valuations, Fed interest-rate cuts, and global economic data
- Global Stocks
- Flat but on course for best week since June
- Fed Rate Cuts
- 80% chance of a quarter-point cut next month
- Chinese Stocks
- JPMorgan raised recommendation to 'overweight'
- Australian Shares
- On track for worst November since 2014
- Oil Prices
- Longest run of monthly losses in over two years
- Bank of Japan
- On track for interest-rate hike in coming months
- Treasury Yields
- 10-year yield at 4.01% after rising more than one basis point
- Chinese Property Developers
- China Vanke rejected for short-term loan by banks
