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

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