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Stocks in Asia Face Mixed Start as Yen Strengthens: Markets Wrap
Stocks in Asia headed for a mixed start as a stronger yen looks set to weigh on Tokyo equity trading, where a rally Tuesday fizzled. U.S. stocks rose while the dollar fell with Treasury yields as investors await the keenly watched inflation report. Futures on stocks in Japan pointed slightly lower, while contracts on Hong Kong’s benchmark climbed. Australian equities fluctuated at the open. The S&P 500 Index rose for a third day amid a rally in financial shares and food retailers. Assets seen as safe havens gained as volatility lingers, albeit down from the extremely elevated levels reached last week. Oil ... (full story)