Jun
20
Asia Stocks Mixed as Trade in Focus; Dollar Steady: Markets Wrap
By-
Indonesian rupiah plunges as it resumes trading after holiday
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Asian stocks traded mixed on Thursday as concern simmers about an escalation of trade tensions between the U.S. and China. Treasury yields and the dollar were steady.
Benchmarks in Japan fluctuated, while South Korean shares edged lower and Hong Kong’s rose. Australian stocks extended an eight-year high as banks drove advances and U.S. stock futures climbed. Indonesia’s rupiah dropped more than 1 percent as trading resumed after holidays, as local markets played catch up to recent losses in emerging markets. Oil held near $66 a barrel ahead of a crucial OPEC meeting that will decide on output…
Asia Stocks Mixed as Trade in Focus; Dollar Steady: Markets Wrap
