Pedestrians walk past an electronic board displaying the exchange rate of the Japanese yen against the US dollar along a street in Tokyo on April 25, 2024.HONG KONG, China — .
Meanwhile, the yen edged up against the dollar on expectations the Bank of Japan will tighten monetary policy further -- having hiked rates in March for the first time in 17 years -- following a jump in closely watched Tokyo inflation. Friday also sees the release of the latest eurozone consumer price index, a key data point ahead of the European Central Bank's monetary policy meeting on June 6, when it is tipped to reduce rates.
Still, Mark Mobius, the co-founder of Mobius Capital Partners, said he had turned bullish on the outlook for Chinese equities in recent weeks after authorities unveiled a range of measures aimed at supporting the country's troubled property market. The stock market plunged deeper in the red, falling back to the 6,400 level due to economic concerns, while the peso weakened...
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