Asian stocks climbed into the black after an upbeat reading on U.S. consumers cheered Wall Street investors, while the yen added to its recent massive gains as Japanese bond yields shifted into a new higher range. | Reuters
MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 1.1 percent, while Chinese blue chips rose 0.75 percent.
Investors continue to grapple with the ramifications of the Bank of Japan’s shock decision to allow JGB yields to rise this week, leading many to assume an outright tightening of policy is only a matter of time. “The jump in yields and the further strengthening of the yen will lower the value of assets owned by Japanese investors,” noted analysts at Capital Economics.
Capital also now expects the dollar to drop toward 125 yen next year. The dollar was already down at 131.93 yen, having shed 3.5 percent for the week so far, though it had found some support around 130.40.The euro had also lost 3.6 percent on the yen for the week at 140.11. With all the action in the yen, the euro was a shade firmer on the dollar at $1.0622.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets follow Wall Stlower amid gloomy outlook - BusinessMirrorBEIJING—Asian stock markets extended their losses Tuesday amid gloom about weaker global economic growth as central banks raise interest rates to cool inflation. Shanghai, Hong Kong and Sydney declined. Tokyo advanced. Oil prices rose almost $1 per barrel. Markets are sliding after the US Federal Reserve raised its key lending rate last week and the
Read more »
Wall Street falls for fourth straight day as recession worries nagWall Street closed lower for a fourth straight session with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve’s tightening campaign could push the U.S. economy into a recession. | Reuters
Read more »
Wall Street ends green, dollar dips, Treasury yields rise on BOJ policy shiftU.S. stocks closed higher in a modest reversal of a four-day sell-off, but the greenback lost altitude and bond yields jumped in the wake of an unexpected policy pivot from the Bank of Japan. | Reuters
Read more »
P.A. Properties and Japanese firm Hankyu Hanshin launch new housing project in Laguna - BusinessMirrorLaguna-based property developer P.A. Alvarez Properties and Development Corporation (P.A. Properties) and Japan’s Hankyu Hanshin Realty have added yet another successful feat in their list as they formally launched their most recent community today: Idesia Cabuyao. This, along with their previous Idesia township projects in Dasmariñas and Lipa, is the offspring of their joint venture.
Read more »
Asian bourses join billion-dollar race to tap carbon offset boom - BusinessMirrorThe drive to launch new carbon exchanges in Asia has reached new heights with Malaysia entering the fray, raising questions about how many will survive in a market that could be worth hundreds of billions in a few decades. Bursa Malaysia Bhd. opened an exchange this month, joining more than a dozen that are under
Read more »
Compuesto, Villaran shortlisted for Asian Youth Athletics ChampionshipsThe Philippine Athletics Track and Field Association (PATAFA) is including 2022 Batang Pinoy National Championships standouts Leonelyn Compuesto of Masbate and Mico Villaran of Bacolod City in one of its national grassroots developmental programs.
Read more »