Asian Stocks to Rise as Tech Lifts Wall Street: Markets Wrap
Equities in Asia climbed amid a rally in technology stocks, and the yen surged, ahead of crucial US jobs data due later Friday.
Equities in Asia climbed amid a rally in technology stocks, and the yen surged, ahead of crucial US jobs data due later Friday.
Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.
Bank of Korea Governor Rhee Chang-yong said the central bank will reconsider the timing of interest-rate cuts, amid expectations that any easing is likely to get delayed by a weak currency and a strong economy.
Louis Dreyfus Co. won’t support Olam Agri Holding Ltd.’s offer for Namoi Cotton Ltd., as the bidding war between the two major agricultural commodities traders for the Australian producer heats up.
By one measure, according to Point72’s Sophia Drossos, Japan’s intervention to prop up the yen has achieved a key objective: Preventing the market from piling into lopsided bets against the currency.
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