![An electronic stock board displaying the rate of the yen against the US dollar outside a securities firm in Tokyo, Japan, on Thursday, June 27, 2024. The yen fell to the weakest level since 1986, fanning speculation authorities may be soon be forced to support the currency again in a bid to stem the worst selloff in the developed world. Photographer: Kiyoshi Ota/Bloomberg, Bloomberg An electronic stock board displaying the rate of the yen against the US dollar outside a securities firm in Tokyo, Japan, on Thursday, June 27, 2024. The yen fell to the weakest level since 1986, fanning speculation authorities may be soon be forced to support the currency again in a bid to stem the worst selloff in the developed world. Photographer: Kiyoshi Ota/Bloomberg](/polopoly_fs/1.2090537.1719548063!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_140/an-electronic-stock-board-displaying-the-rate-of-the-yen-against-the-us-dollar-outside-a-securities-firm-in-tokyo-japan-on-thursday-june-27-2024-the-yen-fell-to-the-weakest-level-since-1986-fanning-speculation-authorities-may-be-soon-be-forced-to-support-the-currency-again-in-a-bid-to-stem-the-worst-selloff-in-the-developed-world-photographer-kiyoshi-ota-bloomberg.jpg)
Asian Stocks to Gain, Treasuries Rally Into US PCE: Markets Wrap
Asian equities advanced, following gains in US stocks ahead of the Federal Reserve’s preferred inflation gauge due Friday.
Asian equities advanced, following gains in US stocks ahead of the Federal Reserve’s preferred inflation gauge due Friday.
Times China Holdings Ltd., a Chinese builder that defaulted on offshore borrowings more than one year ago, is accelerating debt restructuring talks in a development that could help reduce the risk of liquidation, said people familiar with the matter.
Shares of a Chinese company whose local-language name sounds like “Trump wins big” jumped by their daily limit during the first debate between the two candidates in this year’s US presidential election.
The dollar inched higher in Asian trading as markets assessed former president Donald Trump was ahead in the first US presidential debate.
Nike Inc. shares sank after the world’s largest sportswear company issued a full-year outlook that missed expectations, reinforcing investor concerns about waning demand for its sneakers and apparel.
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