Tuesday 23rd December 2025: Asian Markets Edge Higher on Wall Street Optimism as Holiday Trading Remains Subdued

Global Markets:

•  Asian Stock Markets : Nikkei down 0.10%, Shanghai Composite up 0.34%, Hang Seng up 0.22% ASX up 1.09%
• Commodities : Gold at $4,518.90 (1.1%), Silver at $69.655 (1.54%), Brent Oil at $62.03 (-0.06%), WTI Oil at $57.94 (-0.12%)
• Rates : US 10-year yield at 4.154, UK 10-year yield at 4.5370, Germany 10-year yield at 2.9044

News & Data:

• (CAD) IPPI m/m  0.9%  to 0.3% expected
• (CAD) RMPI m/m  0.3%  to 0.6% expected

Markets Update:

Asian stock markets are trading mostly higher on Tuesday, supported by broadly positive cues from Wall Street overnight and continued strength in technology stocks. Regional currencies also firmed against the U.S. dollar. Trading volumes remained light, however, as the absence of major economic data and the Christmas holiday kept many investors on the sidelines. Later in the day, U.S. reports on durable goods orders, GDP, industrial production, and consumer confidence are expected to draw attention.

The Australian market is extending gains for a fourth straight session, with the S&P/ASX 200 rising above the 8,750 level. Financial and technology stocks are leading the advance, while miners and energy shares are also mostly higher. Among major miners, BHP Group and Rio Tinto are gaining more than 1 percent each. The big four banks are all advancing, led by strong gains in Commonwealth Bank. Shares of Goodman Group surged after announcing a major data-centre partnership in Europe. The Australian dollar is trading around $0.667.

Japan’s stock market is modestly higher, extending recent gains. The Nikkei 225 is holding above the 50,400 level, supported by exporters and banks, though losses in technology stocks and index heavyweights are limiting upside. Banking stocks are broadly higher, while select tech names are under pressure. The U.S. dollar is trading in the higher 156-yen range.

Elsewhere in Asia, most major markets are edging higher, while Wall Street closed firmly positive on Monday. European markets ended lower, and crude oil prices surged amid escalating geopolitical tensions.

Upcoming Events:

• 01:30 PM GMT – CAD GDP m/m
• 01:30 PM GMT – USD Prelim GDP q/q

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