Wall Street's decline continues, and Asia-Pacific markets are expected to have mixed openings.

• The Chinese commerce ministry intends to implement export limitations on specific technology utilized in the production of battery components and the processing of critical minerals such as lithium and gallium, as stated in a notice released on Thursday.
• An arrest warrant for impeached President Yoon Suk Yeol has been executed by South Korea's corruption watchdog, as reported by local media Yonhap News.

On the first trading session of 2025, U.S. stocks ended lower, causing Asian markets to open mixed, as tech stocks weighed them down.

The political uncertainty in South Korea will continue to be assessed by investors in Asia as the country's corruption watchdog attempts to execute an arrest warrant for impeached President Yoon Suk Yeol, according to local media Yonhap News. Yoon's short-lived martial law attempt on Dec. 3 has led to a political turmoil in the country.

The Chinese commerce ministry intends to implement export limitations on specific technology utilized in the production of battery components and the processing of critical minerals such as lithium and gallium, as stated in a notice released on Thursday. Feedback from the public on the proposal is invited until February 1st.

Australia's S&P/ASX 200 rose 0.18% at open.

The Hang Seng Index (HSI) closed at 19,610, which is lower than its last close of 19,623.32 in Hong Kong.

Japan markets remain closed for a holiday.

The three major U.S. stock market indices finished the first trading session of the new year with lower prices, indicating that the market weakness that ended 2024 may continue, and a "Santa Claus rally" may not occur this year.

The S&P 500 has typically gained an average of 1.3% during the last five trading days of a year and the first two trading days of the following January, with nearly 80% of the time finishing higher, according to Dow Jones Market Data going back to 1950.

In the US market, the blue-chip stock lost 151.95 points or 0.36%, ending at 42,392.27. Meanwhile, the stock dropped 0.22% to 5,868.55, and the tech-heavy stock shed 0.16% to 19,280.79.

The S&P 500 and Nasdaq have experienced their longest losing streaks since April, with the fifth consecutive session in the red. The decline was driven by big tech stocks, including Apple, which fell 2.6%, and Tesla, which slumped 6% on lower annual deliveries.

— CNBC's Jesse Pound and Christina Cheddar Berk contributed to this report.