💨 Abstract

Asian stocks fell on Wednesday, with the dollar strong against the yen as traders expect a slow rate cut from the Federal Reserve due to stable US economy and labor market. The yen reached six-month lows, while US job openings increased and hiring slowed, suggesting the labor market is slowing but not requiring immediate rate cuts. The US 10-year Treasury yields hit a high since April, and the dollar index approached a two-year high.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖