Asian stocks show mixed performance with Tokyo down on surging yen
On Tuesday, stocks in Asia demonstrated mixed performance with Tokyo down on a growing yen with traders focused on approaching central bank reviews in Japan and the United States.
The S&P/ASX 200 index dipped 0.28%, the Nikkei 225 sagged 1,25%. Then, the Shanghai Composite Index gained 0.06%, while the Hang Seng Index dived 0.55%.
On Tuesday, the Japanese yen managed to soar against the greenback after the PBOC imposed a strong fixing at 6.4882 for the first time in four days. That’s the yen’s greatest revenue since March 18.
Secondly, overnight American stocks dipped following gloomy earnings data for last week. Market participants are currently waiting for Apple’s quarterly earnings data, not to mention a couple of interest rate decisions from major banks.
The S&P 500 Composite Index tumbled 0.18% at 2,087.79 and the Dow Jones Industrial Average dipped 0.15% at 17,977.24 following gloomy earnings data from prominent companies.