Mixed Results in Asian Stock Markets as Yen Weakens Against Dollar

Reported 4 days ago

Asian shares showed mixed performance on Thursday, influenced by a drop in U.S. stocks due to geopolitical uncertainties. The Japanese yen slipped against the dollar, reaching 146.51 yen, after remarks from officials hinted at no immediate interest rate hikes, which helped boost Tokyo's Nikkei 225 index by 2%. Meanwhile, Hong Kong's Hang Seng index fell by 1.4% as investors booked profits following a previous surge. Oil prices increased amid concerns regarding potential regional fallout from conflicts involving Israel and Iran.

Source: YAHOO

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