This content was published on <\/p>\n
December 10, 2025 – 08:05\n<\/p>\n
(Bloomberg) \u2014 Asian stocks were mixed as investors awaited clues about the Federal Reserve\u2019s policy path in its final interest-rate decision of the year.<\/p>\n
Chinese property shares rallied on optimism over potential policy support, while stock benchmarks climbed in Taiwan and fell in South Korea. US equity-index futures were little changed. Silver extended a rally after rising to a record, while Australian bonds added to a selloff following Tuesday\u2019s hawkish central-bank decision.<\/p>\n
Traders are anticipating a third consecutive Fed rate cut Wednesday, while the focus will be on the central bank\u2019s latest dot plot, economic projections and comments from Chair Jerome Powell. Volatility around the decision has been among the defining characteristics of equity trading in the past six weeks, superseding concern about a potential AI bubble and the impact of President Donald Trump\u2019s trade policies.<\/p>\n
\u201cAsian equities are drifting in light red as investors brace for one of the most \u2018known-yet-unknown\u2019 final Fed packages of the year,\u201d said Hebe Chen, an analyst at Vantage Markets in Melbourne. \u201cWith a 25 basis-point cut widely viewed as locked in, the real swing factor will be the Fed\u2019s economic projections, unusually delivered without a full quarter of verified data \u2014 leaving a wide runway for interpretation and volatility.\u201d<\/p>\n
Chinese property stocks surged in Wednesday afternoon trading on expectations for policy stimulus from Beijing and hopes of progress in China Vanke Co.\u2019s debt talks.<\/p>\n
A Bloomberg Intelligence gauge of Chinese developer shares jumped more than 4% as trading resumed after the mid-day break. Shares of Vanke, which is at the center of investor scrutiny following bond payment delays, jumped as much as 19% in Hong Kong.<\/p>\n
Chinese retail stocks also rose after Beijing called for the sector to play a bigger role in boosting domestic demand. Retail should be prioritized as a key driver for building a robust domestic demand system and strengthening the domestic economic cycle, Vice Commerce Minister Sheng Qiuping said at a briefing.<\/p>\n
Silver extended its rally after breaking above $60 an ounce for the first time on Tuesday, with momentum coming from supply tightness and bets on further monetary easing by the Fed. The white metal rose as much as 1.6% to a record $61.6145 an ounce.<\/p>\n
\u201cSilver has a big retail and speculative base,\u201d said David Wilson, director of commodities strategy at BNP Paribas SA. \u201cOnce you have an upside momentum, it tends to bring in more money.\u201d<\/p>\n
Australia\u2019s three-year note yield climbed as much as seven basis points to 4.21%, the highest since November 2024. The yield had jumped 10 basis points on Tuesday when central bank Governor Michele Bullock called an end to a truncated easing cycle as policymakers gauge whether a pickup in inflation requires an extended interest-rate pause or a switch to tightening.<\/p>\n
Global bond yields have risen to highs last seen in 2009 ahead of a key Federal Reserve policy meeting, signaling concerns that interest-rate cutting cycles from the US to Australia may be ending soon.<\/p>\n
US Treasuries were little changed after dropping Tuesday when data showed October job openings increased to the highest level in five months. The Fed\u2019s two previous cuts this year were intended to address weakening employment conditions, including a rise in the unemployment rate to nearly 4.5%.<\/p>\n
Kevin Hassett, the frontrunner in Trump\u2019s search to replace Powell, said on Tuesday that he sees plenty of room to substantially lower rates, even more than a quarter-point cut.<\/p>\n
Another Fed rate cut is seen as further eroding the options for investors who are looking for healthy income levels. In recent years, investors were paid handsomely to play it safe. Short-term US Treasuries offered yields above 5% \u2014 a rare chance to earn solid returns without locking up capital or chasing risk.<\/p>\n
The Fed\u2019s expected cut is a reminder that \u201ctoday\u2019s yields may not always be available,\u201d said James Turner, co-head of global fixed income for EMEA at BlackRock in London. Pension and insurer clients are looking toward high yield, emerging-market debt, AAA rated collateralized loan obligations and securitization investments, to \u201cenhance income and diversify,\u201d he said<\/p>\n
Oil held the biggest two-day drop in a month as concerns about global oversupply continued to weigh on sentiment.<\/p>\n
Corporate News:<\/p>\n
China Vanke Co. creditors are set to meet Wednesday as the distressed developer makes one more push to win support for a bond extension plan aimed at averting a default. SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time. Major investors in First Brands Group have offloaded stakes in the bankrupt auto supplier\u2019s debt in recent days, causing the value of its most senior loan to collapse and prompting it to pull forward a lender call to calm nerves. Parkview Group Ltd. has secured a $940 million loan refinancing deal backed by a key Beijing asset, according to people familiar with the matter, ending a months-long saga that had weighed on the Hong Kong developer amid China\u2019s prolonged property crisis. Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
S&P 500 futures were little changed as of 4:04 p.m. Tokyo time Hong Kong\u2019s Hang Seng was little changed The Shanghai Composite fell 0.2% Euro Stoxx 50 futures fell 0.3% Currencies<\/p>\n
The Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1635 The Japanese yen rose 0.1% to 156.70 per dollar The offshore yuan was little changed at 7.0597 per dollar The Australian dollar was little changed at $0.6648 Cryptocurrencies<\/p>\n
Bitcoin was little changed at $92,711.85 Ether rose 0.7% to $3,325.83 Bonds<\/p>\n
The yield on 10-year Treasuries declined one basis point to 4.18% Japan\u2019s 10-year yield was unchanged at 1.955% Australia\u2019s 10-year yield advanced five basis points to 4.81% Commodities<\/p>\n
West Texas Intermediate crude rose 0.3% to $58.42 a barrel Spot gold was little changed This story was produced with the assistance of Bloomberg Automation.<\/p>\n
\u2013With assistance from Michael G. Wilson.<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on December 10, 2025 – 08:05 (Bloomberg) \u2014 Asian stocks were mixed as investors…\n","protected":false},"author":2,"featured_media":165189,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,6144,85,46,6145],"class_list":["post-177364","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-business-general","tag-il","tag-israel","tag-ticker"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/177364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=177364"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/177364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/165189"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=177364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=177364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=177364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}