Asian markets dropped due to political unrest and economic concerns, but US jobs data showed recovery.

Asian markets fell on Monday, with South Korea's stocks declining due to political turmoil and anticipation of central bank meetings expected to lower borrowing costs. Despite this, US jobs data showed recovery, easing concerns of a slowdown and supporting record highs on Wall Street. Chinese inflation data was lower than expected, suggesting further need for economic stimulus. The dollar and gold prices rose slightly, while oil prices gained some support amid Middle Eastern events.

December 08, 2024
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