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Asian equities saw mixed results as concerns over the US economy overshadowed earlier hopes for stable interest rates. Weak retail sales and consumer sentiment in the US are now shifting investor focus to upcoming earnings from major retailers.
A recent joint intervention by the US and Japan has failed to sustain a recovery for the Japanese yen, which is once again nearing 160 per US dollar. Analysts predict further action may be needed as a rout in US Treasuries fuels the yen carry trade.
Asian stock markets experienced a significant rally following the US Treasury’s announcement to increase long-term bond issuance, a move designed to alleviate concerns over surging borrowing costs and provide stability to global financial markets.
Vietnam’s gold market showcased resilience on Wednesday morning, with gold bar prices firming up even as global bullion rates experienced an uptick. Steady Prices in Vietnam Amid Global Trends The Saigon Jewelry Company set its gold bar price at VND 117.2…
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