Tokyo rallies on weak yen, Hong Kong reverses after surge

Tokyo rallies on weak yen, Hong Kong reverses after surge …C0NTINUE READING HERE >>>

New Japanese Prime Minister Shigeru Ishiba’s comments on central bank interest rate hikes sent the yen tumbling, in turn boosting stocks.
Photo: Yuichi YAMAZAKI / POOL/AFP
Source: AFP

Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike expectations, while Hong Kong sank for the first time in more than a week after a blistering China-fuelled surge.

Traders remain on edge, however, as they await Israel’s response to Iran’s missile attack on Tuesday, which has fanned fears of a regional conflict in the Middle East, pushing…

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