Asian Markets Eye Positive Open, Tech in Focus: Markets Wrap
The yen slid to the weakest since 1990, putting traders on alert for intervention, while Asian stocks climbed after US equities notched the best weekly rally of 2024.
The yen slid to the weakest since 1990, putting traders on alert for intervention, while Asian stocks climbed after US equities notched the best weekly rally of 2024.
Chinese property shares surged, leading gains in the broader market, as sentiment got a boost after a major developer reached a solution with bondholders for its liquidity issues.
China’s vow to encourage the nation’s leading companies to list in Hong Kong is helping spur a rare surge in the $5 trillion stock market, but dealmakers aren’t ready to turn optimistic.
The yen tumbled past yet another psychological milestone for the first time since 1990, raising questions about why the Japanese authorities don’t appear to have stepped in to support the currency.
Copper’s surge to $10,000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American Plc is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines.
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