💨 Abstract

Asian shares retreated on Thursday, with Hong Kong's Hang Seng index leading the decline after a 30% surge in three weeks. The Nikkei, however, rose as Japan's new prime minister indicated no immediate plans for rate hikes. Sterling fell to a two-week low as the Bank of England hinted at more aggressive rate cuts. The yen weakened against the dollar as the Bank of Japan expressed caution on interest rate increases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖