The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen has dominated the currency markets this month, surging to a near three-month high of 151.945 per dollar…
Japanese shares closed the week lower, even as the yen strengthened to its strongest week in nearly three months, fueled by expectations that the interest rate gap between Japan and the US will narrow. The Nikkei 225 dropped 0.53%, or 202.10 points, finishing at 37,667.41. The yen hit 153.625 on Friday, marking a 2.3% weekly…
The Hang Seng Index opened 1.1% higher at 17,189.34 in Hong Kong. Tencent Holdings Ltd. contributed the most to the index gain, increasing 1.8%. Haier Smart Home Co. had the largest increase, rising 5.7%. In early trading, 71 of 82 shares rose, while 11 fell; all sectors were higher, led by commerce and industry stocks….
