BusinessA currency trader watches monitors near the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 12, 2024. Asia stocks were mostly lower on Friday after gains for Big Tech shares helped U.S. stock indexes claw back much of their slide from the day before.
In Asian trading, the Nikkei 225 index closed 0.2% higher at 39,523.55, with the dollar standing at 153.28 Japanese yen, nearly matching the 34-year high of 153.32 yen that it reached on Wednesday. South Korea’s Kospi shed 0.9% to 2,681.82 after the Bank of Korea held its benchmark rate unchanged at 3.50%.On Thursday, the S&P 500 rose 0.7% and the Nasdaq composite charged up by 1.7% to a record 16,442.20. The Dow Jones Industrial Average, which has less of an emphasis on tech, was the laggard. It slipped less than 0.1%.
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