Asian shares subdued, yen and yuan hover near 8-mth troughs
newscatcher
2023-07-05 05:31
Asian shares subdued, yen and yuan hover near 8-mth troughs
SYDNEY: Asian shares were sudued on Thursday after global central banks reaffirmed their inflation-fighting resolve, warning rates may need to rise further, while the yen and the Chinese yuan struggled to lift from lows amid fears of official intervention. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while markets in Singapore, India and Malaysia are closed for holidays. Chinese blue chips slid 0.3% and Hong Kong's Hang Seng index fell 0.7%. Japan's Nikkei, however, gained 1% and was headed for a monthly rise of 8.

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