Asian markets continue downward trend, following Wall Street moves

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Jan. 13, 2025 1:27 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEXBy: Manshi Mamtora, CFA
Global Communication - East Asia (World Map Courtesy of NASA)

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Asian markets retreated on Monday after U.S. stocks fell on Friday, after a hotter-than-expected jobs report that led traders to significantly dial back their odds of further Federal Reserve rate cuts.

Markets in Japan were closed for a holiday. Japan’s 10-year government bond yield remained above 1.2% on

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