Concurrently, oil prices dipped, exerting additional pressure on the broader dollar index across Asia. Trump's stern calls on OPEC, particularly Saudi Arabia, to boost production and slash prices are a boon for Asia's vast oil-dependent economies, alleviating some of their financial strain.
Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
The move comes hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
Bitcoin (BTC) held steady during Friday's Asian hours after Bank of Japan (BOJ) lifted the benchmark borrowing cost to the highest in 17 years
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,
US markets close higher on mixed earnings and Trump's Davos remarks. All sectors of S&P 500 up, Dow up 0.92%, S&P 500 up 0.53%, Nasdaq up 0.22%.
At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 4.28 points to 1,572.92 from yesterday’s close of 1,577.20. At the opening bell, the benchmark index ticked up 0.30 of-a-point higher to 1,577.50.
President Trump’s accusation that Bank of America’ dropped conservatives as clients serves as a reminder C.E.O.s may face unexpected attacks by the White House.
Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts. Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected.
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction