A Security member stands guard at one of the entrance of the New York Stock Exchange in New York, Tuesday, March 19, 2024. – Global shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates.
Hong Kong’s Hang Seng declined 0.2% to 16,473.64, while the Shanghai Composite fell 0.7% to 3,026.31. A top Japanese finance official expressed reservations about the recent surge in the U.S. dollar against the Japanese yen, fueling speculation about possible intervention in the market. The dollar has risen to nearly 152 yen, a jump from slightly above 130 yen a year ago. It was trading at 151.32 yen on Monday, down from 151.41 yen. The euro cost $1.0823, up from $1.0810.
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