A currency trader passes by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 13, 2023. Asian markets slipped on Friday following a decline in Wall Street driven by mounting pressure from rising bond market yields.
Japan’s Nikkei 225 index fell 0.6% to 32,293.69. Australia’s S&P/ASX 200 lost 0.5% to 7,053.80. Taiwan’s Taiex slipped 0.4%, and the SET in Bangkok gave up 0.7%. Another report said slightly fewer U.S. workers applied for unemployment benefits last week than expected. That indicates a job market with few layoffs and a stronger economy. But it could also be adding upward pressure on inflation.
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Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas.
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Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas. U.S. futures advanced while oil prices fell. Hong Kong's benchmark jumped more than 2%. On Wednesday, the S&P 500 rose 0.4% and the Dow added 0.2%.
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