Asia-Pacific markets open higher ahead of Donald Trump’s inauguration – CNBC

Credit CardsLoansBankingMortgagesInsuranceCredit MonitoringPersonal FinanceSmall BusinessTaxesHelp for Low Credit ScoresInvestingSELECTAll Credit CardsFind the Credit Card for YouBest Credit CardsBest Rewards Credit CardsBest Travel Credit CardsBest 0% APR Credit CardsBest Balance Transfer Credit CardsBest Cash Back Credit CardsBest Credit Card Welcome BonusesBest Credit Cards to Build CreditSELECTAll LoansFind the Best Personal Loan for YouBest Personal LoansBest Debt Consolidation LoansBest Loans to Refinance Credit Card DebtBest Loans with Fast FundingBest Small Personal LoansBest Large Personal LoansBest Personal Loans to Apply OnlineBest Student Loan RefinanceSELECTAll BankingFind the Savings Account for YouBest High Yield Savings AccountsBest Big Bank Savings AccountsBest Big Bank Checking AccountsBest No Fee Checking AccountsNo Overdraft Fee Checking AccountsBest Checking Account BonusesBest Money Market AccountsBest CDsBest Credit UnionsSELECTAll MortgagesBest MortgagesBest Mortgages for Small Down PaymentBest Mortgages for No Down PaymentBest Mortgages with No Origination FeeBest Mortgages for Average Credit ScoreAdjustable Rate MortgagesAffording a MortgageSELECTAll InsuranceBest Life InsuranceBest Homeowners InsuranceBest Renters InsuranceBest Car InsuranceTravel InsuranceSELECTAll Credit MonitoringBest Credit Monitoring ServicesBest Identity Theft ProtectionHow to Boost Your Credit ScoreCredit Repair ServicesSELECTAll Personal FinanceBest Budgeting AppsBest Expense Tracker AppsBest Money Transfer AppsBest Resale Apps and SitesBuy Now Pay Later (BNPL) AppsBest Debt ReliefSELECTAll Small BusinessBest Small Business Savings AccountsBest Small Business Checking AccountsBest Credit Cards for Small BusinessBest Small Business LoansBest Tax Software for Small BusinessSELECTAll TaxesFiling For FreeBest Tax SoftwareBest Tax Software for Small BusinessesTax RefundsTax BracketsTax TipsTax By StateTax Payment PlansSELECTAll Help for Low Credit ScoresBest Credit Cards for Bad CreditBest Personal Loans for Bad CreditBest Debt Consolidation Loans for Bad CreditPersonal Loans if You Don’t Have CreditBest Credit Cards for Building CreditPersonal Loans for 580 Credit Score or LowerPersonal Loans for 670 Credit Score or LowerBest Mortgages for Bad CreditBest Hardship LoansHow to Boost Your Credit ScoreSELECTAll InvestingBest IRA AccountsBest Roth IRA AccountsBest Investing AppsBest Free Stock Trading PlatformsBest Robo-AdvisorsIndex FundsMutual FundsETFsBondsThis is CNBC’s live blog covering Asia-Pacific markets.Asia-Pacific markets rose Monday, ahead of Donald Trump’s presidential inauguration as investors awaited greater clarity on the policies of the incoming U.S. administration.Hong Kong’s Hang Seng index hit its highest level since Dec. 31 before paring gains, lifted by the consumer cyclicals and health-care firms, data from LSEG showed. The HSI was up 1.76% in its last hour of trade.Mainland China’s CSI 300 added 0.45% to end the day at 3,829.68 after China left its benchmark lending rates unchanged Monday.The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The offshore yuan strengthened modestly to 7.3345 against the greenback, while the onshore yuan traded at 7.323 per U.S. dollar.Japan’s Nikkei 225 climbed 1.17% to end the day at 38,902.50, while the Topix added 1.19% to close at 2,711.27. South Korea’s Kospi slipped 0.14% to close at 2,520.05 while the Kosdaq ended 0.41% higher at 727.66.Australia’s S&P/ASX 200 rose 0.45% to close at 8,347.40.Malaysia’s exports in December surged 16.9% year on year, shooting past Reuters’ estimates of 8.8%. This compares to November’s 4.1% rise. The country’s imports grew 11.9% compared to Reuters’ forecasts of 5.2%.Several central banks in Asia will be convening later this week. Malaysia’s central bank is expected to keep its policy rate steady at 3% on Wednesday. The Bank of Japan is holding its next policy meeting from Jan. 23 to Jan 24 — BOJ Governor Kazuo Ueda has signaled intentions to hike rates. Singapore’s Monetary Authority of Singapore will be meeting on Friday.The three major averages posted their first weekly gain of the new year on Friday.The Dow Jones Industrial Average added 334.70 points, or 0.78%, to end at 43,487.83. The S&P 500 gained 1% to 5,996.66, and the Nasdaq Composite advanced 1.51% to 19,630.20.President-elect Trump and Chinese President Xi Jinping spoke on the phone Friday about trade, Tiktok, fentanyl and more, talks which Trump described as “very good.”U.S. markets will be closed on Monday.— CNBC’s Hakyung Kim and Lisa Kailai Han contributed to this report.South Korea’s finance ministry pledged to provide a record  360 trillion won ($247.74 billion) of financial support to its exporters as Donald Trump is set to begin his second term as president.The ministry also announced it will increase its exchange rate insurance support to 1.4 trillion won this year, up from 1.2 trillion won in 2024.The statement added that semiconductors and rechargeable batteries were among sectors more at risk from potential new U.S. policies.— Lee Ying ShanChina left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump administration.The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.The 1-year LPR determines rates on corporate and most household loans, while the 5-year LPR acts as a reference for mortgage loans.Read the full story here.— Anniek BaoThe major averages ended Friday higher and notched weekly gains.The Dow Jones Industrial Average added 334.70 points, or 0.78%. The S&P 500 gained 1%, while the Nasdaq Composite rose 1.51%.For the week, the Dow is up 3.69%, while the broad market index and the tech-heavy Nasdaq have climbed 2.91% and 2.45%, respectively.— Hakyung KimThe KraneShares China Internet ETF (KWEB) is up 3.2% Friday, slightly below its earlier high after the Supreme Court ruled to uphold the ban on TikTok.The exchange-traded fund is pacing for its fourth positive session in the past five, as well as its best day since Dec. 9, 2024, when it gained 10%. It is also on pace to break a four-week losing streak, with its best weekly performance since early October 2024.Kanzhun, Weibo, PDD Holdings and Tencent Music are among the stock leading the ETF higher.— Hakyung KimGot a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
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Source: https://www.cnbc.com/2025/01/20/asia-markets-live-updates.html