Asia Stocks Set for Mixed Open as US Rally Falters: Markets Wrap
Stocks in Asia slid following a sluggish US session, with investors seeking firm evidence of an earnings recovery before taking this month’s rally further. The dollar gained.
Stocks in Asia slid following a sluggish US session, with investors seeking firm evidence of an earnings recovery before taking this month’s rally further. The dollar gained.
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.
Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen a day after meeting with Prime Minister Fumio Kishida.
Oil fell to near the lowest level since mid-March, with a mildly bearish US stockpile report and tensions in the Middle East in focus.
Zhejiang Hailiang Co., a major producer of copper tubes and rods, plans to build a plant in Morocco for $288 million that manufactures new energy materials, including lithium-battery foil, to tap rising demand around the world.
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