Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Stocks in Asia rose Thursday as pushback from authorities against a stronger dollar helped stabilize currencies and restored a sense of confidence in the region’s financial markets.
Stocks in Asia rose Thursday as pushback from authorities against a stronger dollar helped stabilize currencies and restored a sense of confidence in the region’s financial markets.
China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia.
Pakistan’s new government does not anticipate any significant currency devaluation as part of its negotiations with the International Monetary Fund to unlock billions of dollars in lending and bolster the nation’s economic reform agenda.
Australia’s richest woman, Gina Rinehart, has grown her footprint in South America by taking a stake in a highly prospective copper-gold project.
The boom in renewable energy installations in China is exacerbating a problem measuring power production data in the world’s second largest economy.
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