Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation report

HONG KONG — Asian stocks were mixed Friday, with the Japanese yen losing some of its gains after the latest U.S.The U.S. dollar lost 2.1% against the yen overnight and traded as low as 157.43 yen, fueling speculation that Japanese authorities may have intervened to amplify the impact of the milder U.S. inflation data. It regained some of its losses on Friday, rising to 159.19 yen from 158.80 yen.Hong Kong’s Hang Seng index climbed 2.4% to 18,260.

The drops for Big Tech stocks also pulled the Nasdaq composite down 2% from its own record. The drops broke seven-day winning streaks for both the S&P 500 and Nasdaq composite. The Dow Jones Industrial Average, which has less of an emphasis on tech, rose 32 points, or 0.1%. Following the report’s release, Treasury yields tumbled immediately. The yield on the 10-year Treasury dropped to 4.20% from 4.28% late Wednesday and from 4.70% in April. That’s a major move for the bond market and provides a big lift for stock prices.

These two Canadian banks are climbing, but still have so much more room to run. And with the highest dividend yields around, it's time to buy! The post Prediction: These 2 Canadian Bank Stocks Are Next in Line to Pop appeared first on The Motley Fool Canada.If you’re planning to get a Costco membership, or looking to renew, you should do so before Sept. 1, as the wholesale retailer is increasing fees for its most basic and executive membership cards.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian stocks are mixed after Wall Street edges to more recordsHONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares are mixed after gains on Wall StreetHONG KONG (AP) — Asian stocks were mixed Tuesday after stocks advanced on Wall Street and yields jumped in the U.S. bond market as election-related issues...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekHONG KONG (AP) — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia ’s stock...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zoomsTOKYO (AP) — Asian shares were mostly higher on Wednesday after Tesla shares zoomed up more than 10%, helping to drive U.S. benchmarks to new records.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street mixed as red-hot chipmaker Nvidia claws back some recent lossesMarkets on Wall Street were quietly mixed early Tuesday following a mixed session a day earlier that saw a third straight decline for red-hot chipmaker...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street drifts to a mixed close after European stocks slump againNEW YORK (AP) — U.S. stocks drifted to a mixed close as caution crept into financial markets heading into the weekend. The S&P 500 slipped less than 0.1% Friday after setting an all-time high every other day this week.
Source: SooToday - 🏆 8. / 85 Read more »