Chinese Shares Kick Off New Year on a Sour Note: Markets Wrap.

Chinese stocks opened the New Year on a downward trend due to weak economic data and concerns about potential US tariffs. Asian shares, including Chinese banks, declined, while US equity futures rose. The first trading day of 2025 saw caution among investors globally, with attention on China's growth outlook, the Federal Reserve's policies, and President-elect Donald Trump's agenda. Other key events included oil prices edging higher, Singapore's strong economic performance in 2024, and corporate news such as Nippon Steel's bid for US Steel and Alibaba's sale of shares in Sun Art Retail Group. [Extracted from the article]

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