Today's News Update - 1st May 2025 Asia Asia-Pacific markets were mixed on Wednesday as traders assessed key regional economic data. Japan’s Nikkei 225 gained 0.57%, closing at 36,045.38, while the Topix rose 0.63% to 2,667.29. South Korea’s Kospi lost 0.34%, ending at 2,556.61, and the Kosdaq dropped 1.27% to 717.24. Australia’s S&P/ASX 200 climbed 0.69% to 8,126.2, and Hong Kong’s Hang Seng added 0.51%, closing at 22,119.41. China’s CSI 300 slipped 0.12% to 3,770.57 after April’s manufacturing data fell into contraction. US The S&P 500 posted small gains on Wednesday in a volatile session, as data showed the U.S. economy contracted in the first quarter, fueling growing recession concerns. The index climbed 0.15%, closing at 5,569.06, while the Nasdaq Composite fell 0.09%, finishing at 17,446.34. The Dow Jones Industrial Average rose 141.74 points, or 0.35%, ending at 40,669.36. Commodity Gold prices edged lower on Wednesday as expectations for a Fed rate cut rose after weaker-than-expected U.S. growth. Spot gold slipped 0.2% to $3,308.52, while U.S. gold futures fell 0.5% to $3,318.50. Oil prices dropped sharply, marking their biggest monthly decline in nearly three and a half years. Brent crude fell 1.76% to $63.12, and WTI dropped 3.66% to $58.22, both recording their largest losses since November 2021. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex