Asian stocks rise, dollar weak as US yields tick down

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The Star 2h ago

Asian stocks rise, dollar weak as US yields tick down - The Star

Quick Summary:

TOKYO: Asian stocks rose on Tuesday while U.S.bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing.

Chinese markets were weak though, with investors mulling potential Trump tariffs and waiting on more details of stimulus from Beijing.

In a significant reversal of Washington's policy, President Joe Biden's administration allowed Ukraine to use U.S.-made weapons to strike deep into Russia, two U.S.officials and a source familiar with the decision said on Sunday.