Hang Seng Lifted by Banking, Gold Boosts; Yen Weighs on Nikkei

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A wave of positivity over the US economy and possible rate cuts lifted equities across the region but also fired Japan’s currency higher

The post Hang Seng Lifted by Banking, Gold Boosts; Yen Weighs on Nikkei appeared first on Asia Financial.

The Fed is hardly alone in contemplating looser policy, with Sweden’s central bank expected to cut rates this week, and possibly by an outsized 50 basis points.

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Author / Journalist: Sean O'Meara

Category: InvestingBusiness

Markets: Hong KongChinaJapanSingaporeSweden

Topics: Commodities Hang Seng Index Nifty 50 North Asia Forex Asia Nikkei 225 Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 09:35:20 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 22144728

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About Asia Financial

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