Stock market today: Asian shares meander, tracking Wall Street's mixed finish as dollar surges

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Shares are mixed in Asia after a lackluster finish on Wall Street following a report showing an uptick in inflation in the U.S. last month.

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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Nov. 14, 2024. Chinese markets declined, with the Hang Seng in Hong Kong falling 0.9% to 19,649.91. The Shanghai Composite index lost 0.3% to 3,428.37.A stronger dollar tends to put strain on other economies, noted Stephen Innes of Capital Economics. The Thai baht has also weakened against the dollar since the U.S. election, as has the Chinese yuan, or renminbi, which now stands at 7.2245 per dollar and was trading at about 7 yuan per dollar in early October.

 

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