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Market Review

US:

The tech-heavy NASDAQ index fell for a third consecutive session, with losses of 1.2% on Monday. Rising concerns over weak economic parameters and persistent inflation soured investor sentiments.

Asia:

Asia Pacific region continued to decline on Tuesday, following US President Donald Trump's move to curb Chinese investments in technology, energy and other sectors.

India:

Indian benchmark indices declined for the fifth consecutive session on Monday, closing at their lowest levels since June 2024, as losses in information technology and metal stocks weighed on the market. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global economy:

Singapore's consumer inflation, along with the closely monitored core measure, eased in January, indicating that price pressures are in line with the goals of policymakers. The Department of Statistics reported on Monday that the CPI increased by 1.2% in January from the same month in the previous year.

Peru's GDP will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told reporters on Monday, as inflation is seen holding for another year at around 2%.The Andean economy is bouncing back from recession, with the government of President Dina Boluarte and the central bank forecasting positive prospects for 2025, including fewer inflationary pressures and more investment.

Commodities:

Oil prices jumped in Asian trading on Tuesday as the U.S. government's imposition of new sanctions targeting Iran's oil industry sparked fresh supply disruption worries.

Gold prices remain close to a record high amid safe-haven demand driven by concerns over U.S. President Trump's tariff plans and potential inflation. Spot gold was nearly unchanged, with investors closely monitoring the Federal Reserve's response to economic changes and upcoming inflation data.

Currency:

The yen rose to its highest level in 2-1/2 months due to a surge in Japanese inflation. The dollar weakened as Trump's tariff threats remained mostly rhetoric.

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