Elsewhere in markets, the yen strengthened after U.S. Treasury Secretary Scott Bessent urged Japan's government to give its central bank scope to hike rates, escalating his warning to Tokyo against keeping the yen too weak through prolonged low borrowing costs.
The Australian dollar rose after data showed domestic consumer prices jumped by the most in 2-1/2 years in the September quarter, while a shockingly large jump in core inflation seemed to rule out a near-term interest rate cut.
And it's golf clubs to golden crowns for U.S. President Donald Trump, who landed in South Korea on Wednesday for the final leg of his Asia trip.
He is set to discuss trade, investment and peace with South Korean President Lee Jae Myung in bilateral talks.
Lee will gift Trump a replica gold crown and award him with the "Grand Order of Mugunghwa", the country's highest decoration, the presidential office said.
Trump arrived in South Korea from Tokyo, where he lavished praise on Japan's first female prime minister, Sanae Takaichi, welcoming her pledge to accelerate a military buildup and signing deals on trade and rare earths.
Takaichi had gifted Trump with a putter used by Shinzo Abe, his golfing buddy and Japan's late leader - one of several references to Trump's bond with Abe that underpinned ties between the countries during the U.S. president's first term.
No comments:
Post a Comment