Asia stocks falter, yen slump keeps markets on intervention alert

Quick Summary:

SINGAPORE: Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it.

In foreign exchange markets U.S.yields have supported the dollar, especially against the yen and yuan where the gap to domestic yields are the largest.

GDP, European confidence figures, a speech from Australia's deputy central bank governor, and a rates decision in Sweden will be in focus ahead of the first U.S.Presidential debate.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaJapanNew ZealandSingaporeSweden

Topics: Equities Commodities /Business/Business News Trading Stocks Asia Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 14:21:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21399382

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Official Website: thestar.com.my

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