Asian stocks mixed as yen holds at 40-year low

MacroDigital Finance

โดย Yahoo Finance·Read original

Summary · why it matters

Asian equities were mixed on Tuesday, failing to track a record day on Wall Street where tech firms rebounded after heavy selling, while the yen held around a four-decade low against the dollar. The yen weakened to as much as 162.40 per dollar, its lowest since 1986, amid expectations the Federal Reserve will lift interest rates this year. Finance Minister Satsuki Katayama said Tokyo will take appropriate action at any time as necessary, after the government spent a record $72.4 billion to support the currency between April 28 and May 27. Seoul's Kospi fell, while Hong Kong, Shanghai, Singapore and Manila also declined, but Tokyo, Sydney, Taipei and Wellington posted gains. Oil prices edged down on easing Middle East concerns.