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business6h ago
Asian shares advance after a retreat on Wall Street
- Asian shares ended mixed after Wall Street retreated, with global bond yields rising and U.S. futures nudging higher.
- Tokyo’s Nikkei 225 closed flat as financials led gains amid expectations of a possible rate move by the BOJ this month.
- South Korea’s Kospi jumped 1.9% on tech buying, with Samsung Electronics and SK Hynix rallying.
- Bitcoin tumbled as longer-term yields rose, signaling renewed pressure on crypto and equities alike.
- Nvidia investment is mentioned as part of an expanded partnership, aiding market sentiment.
- U.S. consumer spending trends and Black Friday/C Cyber Monday activity were noted as supporting a holiday shopping season.
- Dollar and oil price movements accompanied the market shifts, with crude and Brent retreats noted.
- The U.S. dollar strengthened against the yen while the euro eased, reflecting currency market movements.
- Analysts highlighted the BOJ rate trajectory as a key driver of regional market moves.
- The AP piece notes that yields rose globally as investors reassess rate paths and inflation dynamics.
- AP News provides a broad regional snapshot, including commentary from market analysts and sector movements.
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