Asian Stocks Mixed as Wall Street Shakes Off Holiday Funk

Asian markets were mixed on Tuesday, January 6, 2025, as investors digested the latest developments in the U.S. stock market, which snapped out of its holiday-season funk. The Nikkei 225 index in Tokyo surged 0.8% on strong gains in retailers and tourism-related stocks, while the Shanghai Composite index in China declined 0.2% amid concerns about the nation's sluggish economy. The Hang Seng index in Hong Kong added 0.5%, and the S&P/ASX 200 in Sydney fell 0.6%.