Asian shares cautious on Korea risk, dollar on guard ahead of payrolls

Quick Summary:

SYDNEY: Most Asian shares fell on Friday as political ructions in South Korea weighed on sentiment, while dollar bulls waited anxiously to see if U.S.payrolls challenged or cemented expectations of a rate cut this month.

Calming nerves somewhat, South Korea's special warfare commander said he would refuse to implement any new order for martial law.

In the foreign exchange market, the mighty U.S.dollar fell 0.6% overnight against its peers and was pinned near three-week lows at 105.84 on Friday.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanSouth KoreaSingapore

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 14:11:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 30 lines

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Copyright Owner: © The Star

News ID: 24162331

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