Asian stocks are mixed after Wall Street snapped out of a spell of holiday season blues, with markets in Tokyo and China declining. Japan’s finance minister rang in the New Year as Tokyo’s market resumed trading after the long traditional holiday,

US stocks jumped on Friday, ending a five-day losing streak for the S&P 500, Dow Jones, and Nasdaq 100. Risk-on stocks in the consumer discretionary and technology sectors led the market higher.

U.S. stocks got off to a rocky start to 2025 on Thursday as the S&P 500 and Nasdaq Composite declined for a fifth straight day. For both, it was the longest losing streak since April, according to Dow Jones Market Data.