AAPL
$189.99
(+0.01%)
GOOG
$178.02
(+0.96%)
GOOGL
$176.40
(+0.81%)
AMZN
$182.15
(+0.78%)
MSFT
$430.32
(+0.04%)
FB
$196.64
(+0.51%)
BRK.B
$403.90
(-0.86%)
BABA
$80.58
(-0.84%)
JPM
$199.50
(-0.6%)
JNJ
$144.38
(-1.76%)
BAC
$39.32
(-0.96%)
XOM
$114.86
(+1.27%)
WFC
$59.48
(-1.21%)
V
$270.98
(-1.28%)
WMT
$65.04
(-0.52%)
RDS.B
$51.06
(0%)
RDS.A
$51.04
(0%)
INTC
$31.06
(+1.11%)
T
$17.27
(-1.31%)
UNH
$503.68
(-0.88%)
CSCO
$46.28
(-0.3%)
PTR
$43.88
(0%)
NVS
$99.68
(-0.85%)
PFE
$28.30
(-2.01%)
TSM
$159.41
(-0.37%)

A Look Upon Asian Markets

0 7

Asian stocks rose on Tuesday, while the dollar gained, keeping the yen stable near the 152 level against the dollar, which raised concerns among traders about potential intervention, as expectations faded that the Federal Reserve was nearing a rate cut.

Data on Monday showed growth in the US manufacturing sector for the first time in a year and a half in March, with sharp production recovery and increased new orders, highlighting the strength of the economy and casting doubts on the timing of the Federal Reserve interest rate cuts.

Strong manufacturing data led to an increase in US Treasury bond yields, with yields on two-year and ten-year Treasury bonds reaching their highest levels in two weeks, boosting the dollar. The Japanese Nikkei index was volatile. It reclaimed the 40,000 mark in the morning session but remained steady below the mark in the end.

The yen slightly declined to 151.66 yen to the dollar, a level not far from the lowest level in 34 years of 151.975 touched last week, as traders awaited hints of intervention by Japanese authorities.

Tokyo intervened in the currency market in 2022, for the first time in September and again in October, as the yen fell to around 152 yen against the dollar, a level last seen in 1990. Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities are prepared to take appropriate action against excessive volatility in the currency market.

Chinese stocks declined on Tuesday after recording their largest daily gains in a month on Monday, as the latest manufacturing activity data indicated that the country’s economic recovery is gaining momentum.

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