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Asia stocks mixed as soaring dollar pauses

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Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the ...

FILE PHOTO: A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in TokyoSINGAPORE - Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.

U.S. short-term interest rate expectations were little changed but selling of longer-dated bonds abated, and 10-year U.S. Treasury yields fell 7.2 basis points to 4.59% and two-year yields retreated after touching 5%. The yen traded at 154.22 per dollar, close to a three-decade low, and traders are eyeing a breach of 155 as a possible trigger for intervention.

Elsewhere in commodity markets European gas prices have retreated from three-month highs and sharp rallies in metal prices have paused, though not reversed. Baby boomers may have had the best financial start of all the generations -- coming of age when salaries kept up with the cost of living and goods and services were affordable -- but that doesn't mean...The share price of Donald Trump’s beleaguered social media company plunged again this week, but apparently there’s worse to come.

 

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