Asian shares retreat from 32-month top, Japan rallies as rate risk eases

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SYDNEY: Asian shares retreated from a 32-month peak on Thursday as the sizzling rally in Hong Kong took a breather, while Japan's Nikkei jumped as the risk of further tightening in monetary policy this year faded.

Ueda also said the central bank would move cautiously in deciding whether to raise rates.

Overnight, Wall Street was mostly flat, though Treasury yields rose after a strong private payrolls report added to evidence of a healthy U.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongIsraelJapanSouth KoreaLebanonTaiwan

Topics: Asian BOJ Markets Nikkei MSCI Monetary policy /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 14:10:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 666 words

Reading Time: 4 minutes read

Sentences: 29 lines

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Copyright Owner: © The Star

News ID: 22859123

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