U.S. stock markets entered 2025 on a cautious note, with all major indexes sliding on Thursday after giving up earlier gains. The U.S. dollar index reached a two-year high, reflecting market uncertainty as investors assessed economic conditions.
Asia-Pacific markets painted a mixed picture on Friday. South Korea’s Kospi index stood out with a robust 1.8% gain, buoyed by optimism in local sectors. In contrast, China’s CSI 300 fell by more than 1% for the second day in a row, as concerns about domestic economic headwinds lingered.
The uneven start to the year underscores ongoing volatility in global markets as they navigate shifting economic dynamics.
Biden Blocks Nippon Steel’s $14.9 Billion U.S. Steel Takeover
President Joe Biden has reportedly decided to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, citing concerns over national security. This decision, first reported by The Washington Post, comes amid rising scrutiny of foreign investments in U.S. industries.
The move reflects the administration’s prioritization of safeguarding critical sectors from potential foreign control. Nippon Steel, one of Japan’s largest steelmakers, saw its shares rise 1.2% in early trading Friday, but the block raises questions about the future of U.S. Steel’s ownership and broader U.S.-Japan trade relations.
