1 Day
Source:
وكالة صدى نيوز
Semiconductor stocks lift Asia yen hits six-month high
The Japanese yen rose to its highest level since February, supported by expectations that the Bank of Japan will raise interest rates next week, leading to a gain of up to 1% against the dollar, reaching 152.89 yen. Additionally, the rise in South Korean chip company shares helped support Asian markets, with the Korean KOSPI index increasing by 2.1%. Globally, markets also rose, buoyed by gains in the technology sector and positive outlooks for the Nasdaq 100 index. On the other hand, oil prices continued to climb amid expectations of an agreement between Iran and Oman to regulate shipping traffic through the Strait of Hormuz, with Brent crude increasing by 0.5% to reach $97.46 per barrel. There are concerns about rising inflation and its potential impact on central bank decisions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)