Shares jump on tech boost; yen on intervention watch
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Asia stocks surge on tech boost, yen extends gains
Asian stocks rallied on Friday after Apple’s record $US110 billion ($A167 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely […]
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Asia shares rise on tech boost, tracking Wall Street
Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some US companies lifted risk sentiment. The yen was rooted near 34-year lows, keeping traders wary of possible intervention from Tokyo. MSCI’s broadest index of Asia-Pacific shares […]
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Japan’s yen jumps vs dollar amid specter of intervention
NEW YORK/TOKYO >> The yen jumped against the dollar late today, with traders on high alert for signs of intervention by Japanese monetary authorities to boost a currency languishing near 34-year lows.