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

📆 11/25/2022 8:09 AM
📰 dailymaverick

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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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