Asia shares fall on US election anxiety; Tesla provides some cheer

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SYDNEY: Asian shares tracked Wall Street lower on Thursday as uncertainty over the U.S.election outcome kept investors on edge, while the dollar stood tall near its three-month high, supported by elevated Treasury yields.

"Crucially, the evidence suggests that it is rising yields that are driving, rather than being passively driven by, liquidation".

The rise in the dollar reined in a stellar run in gold prices, which fell more than 1% overnight from their record of $2,758.37 an ounce.However, they climbed 0.4% on Thursday to $2,729.16.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapan

Topics: MSCI /Business/Business News Nikkei Election US Asian Hang Seng Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 14:50:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23220803

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