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Asian Stocks to Open Mixed, Yen Lowest Since 1990: Markets Wrap

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(Bloomberg) -- Asian stocks are set for a mixed open as US shares slumped following a batch of poor corporate earnings, while currency traders will remain on...

-- Asian stocks are set for a mixed open as US shares slumped following a batch of poor corporate earnings, while currency traders will remain on edge after the yen fell to a 33-year low. Oil surged back above $85 a barrel.Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C Headphones

Currency traders will remain on alert after the rise in Treasury yields pushed the Japanese yen to close at 150.23 per dollar on Wednesday, the weakest since August 1990. The move increases the risk of intervention from the authorities in Tokyo, who have repeatedly said they wouldn’t rule out any options to curb against the excessive moves.

Apple Inc. raised prices of its Apple TV+, Arcade gaming and News+ subscription services on Wednesday, in a move that could generate more revenue for its increasingly key services division. Short-seller Carson Block said he’s shorting Sunrun Inc. again, part of a short theme he calls the “ESG hustle.”

'Probably the best use of cash': Warren Buffett likes businesses that dole out dividends — but he absolutely loves it when they do this instead. 3 'share cannibals' to watch now

 

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