July 12, 2024

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Asian Stocks Falter as Japan Warns on Yen Moves: Markets Wrap

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Asian shares edged lower, kicking off a week that includes measures of inflation that will help guide bets on the outlook for global interest rates. The yen was steady after Japan’s top currency official ratcheted intervention rhetoric.

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(Bloomberg) — Asian shares edged lower, kicking off a week that includes measures of inflation that will help guide bets on the outlook for global interest rates. The yen was steady after Japan’s top currency official ratcheted intervention rhetoric.

An index for the region’s stocks was set to slip for a third session on Monday, with equities in South Korea falling and those for Japan swinging between gains and losses. Contracts for Hong Kong shares pointed to declines while US equity futures were steady after the S&P 500 fell on Friday amid a large options expiry. 

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Bloomberg News

2024-06-23 19:55:34

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