Reported 2 days ago
Asian currencies have fallen to near two-decade lows against the dollar, while regional stocks showed mixed results as investors navigated a holiday-thinned trading period. The Japanese yen saw significant declines, contrasting with gains in some Australian and New Zealand currencies. Increased scrutiny on China's currency and ongoing trade tensions with the US are contributing to cautious investor sentiment. Meanwhile, tech stocks like Hon Hai Precision have shown positive revenue indicators, suggesting strong demand for AI infrastructure. Expectations for interest rate cuts in Asia and various economic data releases will be key to market movements this week.
Source: YAHOO