Asian stocks dragged by tech, yen gains little traction as BOJ holds

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TOKYO: Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence.

But for the most part, "the ball is on the dollar side," he said."If the U.S.sees more mixed data, we might see higher volatility in the pair," Omori said.

Surveys on manufacturing and services in China did show some pick up in activity, with the official purchasing managers' index (PMI) rose to 50.1 in October.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanNorth KoreaSouth KoreaMaliTaiwan

Topics: Monetary policy /Business/Business News Nikkei Earnings Markets Asian Hang Seng

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-10-31 @ 14:43:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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