Asian Stocks Edge Up After U.S. Gains; Yuan Rises: Markets Wrap
Asian stocks nudged higher early Wednesday, tracking an advance in U.S. equities, as investors showed some willingness to buy riskier assets despite the ongoing trade turmoil. Treasury yields steadied and the dollar edged up. Shares in Japan and South Korea climbed. Australia’s main equity index edged back from an 11-year high. Earlier, the S&P 500 Index climbed 0.9% after the U.S. decided to grant limited relief for consumers and carriers that do business with Huawei Technologies Co. — a day after the White House’s moves against the Chinese telecom giant battered stocks. The yuan extended this week’s modest move higher following its drubbing in recent weeks amid trade turmoil. The pound steadied after earlier swings on the latest Brexit developments. Read More @ https://www.bloomberg.com//news/articles/2019-05-21/asian-stocks-point-higher-after-u-s-shares-gain-markets-wrap?srnd=markets-vp
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