Stock market today: Asian benchmarks mostly climb despite worries about US economy

TOKYO — Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world.

Although a weak yen is a boon for giant Japanese exporters such as Toyota Motor Corp., whose overseas earnings are boosted when converted into yen, some Japanese officials, including Finance Minister Shunichi Suzuki, have been raising concern that an overly weak currency is not good for the Japanese economy in the long run.Australia's S&P/ASX 200 dropped 1.4% to 7,575.90. South Korea's Kospi jumped 1.1% to 2,656.33. Hong Kong's Hang Seng added 2.3% to 17,680.

That's what Wall Street calls a “soft landing” scenario, and expectations had grown recently for a “no landing” in which the economy avoids a recession completely. The yield on the 10-year Treasury rose to 4.70% from 4.66% just before the report and from 4.65% late Wednesday. It paid off nicely to dump stocks nearly a year before the dot-com and housing bubbles burst, B. Riley's Paul Dietrich said.Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.Opinion: Want a truly fairer income tax system? Tax families

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoHONG KONG (AP) — Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian benchmarks mostly slide as investors focus on earningsTOKYO (AP) — Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai's were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareHONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »