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International Business Times

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AFP News

Asian Stocks Dip As Santa Snubs Wall Street

Asia United States Donald Trump Stephen Innes Boeing China

Tariffs under incoming US president Donald Trump loom as an obstacle for China's economy in the new year (Credit: AFP)

Asian stocks ended the year in the red on Tuesday after worries about 2025 and profit-taking turned Wall Street's usual holiday-period "Santa Claus rally" into a mini-rout.

The three main US indices all slumped around one percent on Monday, adding to Friday's losses, with Tesla down 3.3 percent and Facebook owner Meta off 1.4 percent.

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