Sunday, June 16, 2024

Asian equities rise as Japan’s yen weakens

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Asian equities rose in early trading on Tuesday, following the US higher amid expectations that weak jobs data released on Friday would spur the Federal Reserve to cut rates.

South Korea’s benchmark Kospi led gains, adding 1.8 per cent.

Hong Kong’s Hang Seng index edged down 0.2 per cent after notching gains to begin the day. The index has closed in positive territory for the past 10 trading sessions, its longest winning streak since 2018.

Japan’s yen whipsawed, briefly falling below ¥154 per dollar before weakening to ¥154.45.

In the US the benchmark S&P 500 gauge added 1 per cent on Monday, while the technology-heavy Nasdaq Composite rose 1.2 per cent.

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