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Business Maverick: Asia stocks fall, led by China, and treasuries rally: markets wrap

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A gauge of Asian equities fell amid a subdued tone in markets on Friday after Thanksgiving in the US. Treasuries rose as trading resumed after the holiday.

Hong Kong-listed technology stocks led declines in Chinese shares as investors weighed recent gains against an upswing in Covid-19 infections and lockdown-like restrictions affecting swathes of Beijing.

Malaysia’s ringgit extended gains as the appointment of a new prime minister cleared the political gridlock that has gripped the nation since recent elections.within sight of this month’s high after the central bank governor said he needs to see strong signs that inflation is under control before discussing any prospect of a pivot away from policy tightening.

 

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MARKET WRAP: Rand holds steady as Reserve Bank hikes repo rateJSE records modest gains in a thin session with Wall Street closed for Thanksgiving holiday
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Business Maverick: Asian stocks edge up and Hong Kong tech shares seesaw: markets wrapEquities advanced in Asia following a rally on Wall Street, while Hong Kong-listed technology stocks fluctuated amid speculation that China’s regulatory crackdown on the sector may be closer to ending.
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