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Asia Stocks Trade Mixed; Yen Gains as Dollar Slips


Monday, 7 May 2018 08:53 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asian stocks started the week mixed, despite the biggest advance in U.S. shares in almost four weeks Friday as the country's jobless rate hit an 18-year low.

Shares fell in Japan while climbing in Australia and Hong Kong. The greenback slipped against most major currencies with the yen leading gains as traders returned from Golden Week holidays. Oil hovered closer to $70 a barrel as traders braced for a re-imposition of some U.S. sanctions on Iran. The U.S. 10-year Treasury yield ticked lower.

The MSCI Asia Pacific Index rose 0.2 percent as of 10:28 a.m. Tokyo time. Australia’s S&P/ASX 200 Index rose 0.5 percent.

The Bloomberg Dollar Spot Index fell 0.2 percent. The Japanese yen rose 0.3 percent to 108.81 per dollar and euro rose 0.1 percent to $1.1975.

Geopolitics remain in focus this week with President Donald Trump saying he’ll decide by May 12 whether the U.S. stays in or pulls out of the Iran nuclear deal. 

Source: Bloomberg


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