India, Jan. 1 -- Asian stocks were mostly higher on Friday after ending 2025 on a subdued note.
Regional trading volumes remain thin due to holidays in Japan, China and New Zealand.
The dollar was weak after its sharpest drop in eight years. As economic uncertainties mount, investors wait to see whether the next Federal Reserve chief would opt for deeper interest-rate cuts.
Current head Jerome Powell's term ends in May and President Donald Trump already said that he wants to see interest rates go down to 1 percent.
Gold was up nearly 1 percent after recording its biggest jump since the 1979 oil crisis in 2025.
Amid expectations of two additional Federal Reserve rate cuts in 2026, investors now await the release of key economic data inc...