Asian Stocks Gain After Bounce in US Shares, Bonds: Markets Wrap

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(Bloomberg) -- Shares rose in Asia after stocks and bonds rallied on Wall Street, bringing some relief to financial markets after a series of punishing losses. Traders’ focus now turns to Friday’s US jobs data.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected S

-- Shares rose in Asia after stocks and bonds rallied on Wall Street, bringing some relief to financial markets after a series of punishing losses. Traders’ focus now turns to Friday’s US jobs data.Apple Considered, Rejected Switch to DuckDuckGo From Google

The dollar fell against all its Group-of-10 peers, with the yen strengthening as much as 0.6%. Traders had speculated about official Japanese intervention in the market Tuesday when the currency spiked higher after touching 150 per dollar. However, early indications show that may not have been the case.

An out-lier, Japan’s 20-year sovereign bond yield jumped to the highest level since 2013 following a weak auction of super-long-dated debt. Elsewhere in Asia, Taiwan shares rose, apparently shrugging off news that officials will investigate whether local firms helping Huawei Technologies Co. with chipmaking plants in China violated US sanctions. Sri Lanka’s central bank cut its benchmark rate for a third time this year to help revive economic growth.

 

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