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Asian Shares Follow Wall Street Lower On Risk Aversion
RTTNews· 2026-01-21 08:43
Market Overview - Asian stocks declined as risk aversion increased due to rising bond yields and U.S. President Trump's renewed interest in acquiring Greenland [1] - U.S. stocks experienced significant losses, with the S&P 500 dropping 2.1%, marking its steepest decline since October [8] Bond Market - A Danish pension fund is reportedly planning to sell all its U.S. Treasury bonds by the end of the month, contributing to market concerns [2] - Japanese markets faced pressure as bond yields reached all-time highs, prompting the Finance Minister to urge calm among market participants [3] Commodity Markets - Spot gold prices surged nearly 2% to a record high above $4,800 per ounce, driven by a significant drop in the U.S. dollar [1] - Oil prices fell over 1% amid ongoing concerns about global oversupply [2] Regional Stock Performance - South Korean stocks reached a record high, with exports rising 14.9% year-over-year, largely due to a 70% increase in semiconductor shipments [4] - The Kospi index increased by 0.49%, with major companies like Samsung Electronics and Hyundai Motor achieving record closes [5] - Australian markets declined for a third consecutive day, with the S&P/ASX 200 dropping 0.37% [6] - New Zealand's S&P/NZX-50 index fell 1.15%, marking its third straight session of losses [6]
Christmas Day Gasoline Prices Set To Fall To Covid-Era Levels
Yahoo Finance· 2025-12-17 19:00
Group 1 - U.S. gasoline prices are projected to drop to the lowest level since 2020, with an average of $2.79 per gallon expected on Christmas Day, down from $2.95 per gallon a year ago [1] - The national average price of gasoline has decreased to $2.905 per gallon, down from $3.030 a year ago, marking a continued downward trend [3] - Diesel prices have also declined significantly, with the national average currently at $3.642 per gallon, down from $3.765 a month ago [3] Group 2 - Crude oil prices are falling due to global oversupply, weaker-than-expected demand growth, and reduced geopolitical risk premiums, with Brent crude at $59.88 per barrel and WTI crude at $56.12 per barrel [4]