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Yen Drop Buoys Japan Stocks as Dollar Holds Gain: Markets Wrap
A weaker yen supported Japanese equities at the start of Tuesday trading after the dollar climbed while investors maintained focus on the U.S. Treasury market, where the 10-year note flirted with 3 percent. The greenback held on to gains, with the 10-year Treasury yield remaining just below its highest level since 2014. As the yen retreated, equities in Japan climbed. Stocks nudged higher in Australia and in South Korea, despite SK Hynix Inc. continuing a pattern seen from a string of semiconductor makers where earnings disappointed investors. Aluminum prices plunged after the U.S. softened its position on sanctions ... (full story)
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