Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets Wrap
Hong Kong shares rallied Friday, running against the grain of a lackluster day for the region’s equities as traders reassessed the path forward for interest rates.
Hong Kong shares rallied Friday, running against the grain of a lackluster day for the region’s equities as traders reassessed the path forward for interest rates.
Shares of Chinese property developers extended a rally as investors expect Beijing to unveil more policy support after a Friday meeting to salvage the beleaguered property market.
China’s first issuance of this year’s special sovereign bonds on Friday is expected to see solid demand, according to strategists and gauges of sentiment in the bond market.
The Bank of Japan left unchanged the amounts of debt purchases in its regular operations following a surprise cut on Monday.
Shares of India’s vaunted IT outsourcing firms are facing a reality check, as global investors’ rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.
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