Asian shares rally as dollar falters
Japan’s Nikkei average rises to almost its best level in 30 years as US bond yields drop
06 November 2020 - 07:34
Tokyo/New York — A gauge of Asian shares rallied to a near three-year peak while the dollar stayed sluggish and US bond yields slipped on Friday in anticipation that a divided US legislature would limit major policy changes and keep the status quo on economic policies.
Investors expect Democrat Joe Biden to beat President Donald Trump and the Republicans to retain control of the Senate, allowing them to block the Democrats’ agenda, such as corporate tax hikes and massive borrowing for large spending...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.