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Asian Shares Mixed As Investors Await U.S., China Data

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks ended mixed on Monday as investors braced for key U.S. and Chinese economic data due this week for directional cues.

An update on U.S. inflation may provide insight into the Federal Reserve's future actions before it convenes next week to decide on rates. China is due to unveil data on industrial output, retail sales and house sale prices this week.

The dollar started the week under pressure, while the Japanese yen surged after comments from Bank of Japan Governor Kazuo Ueda stoked hopes that Japan could soon herald a new era away from negative rates.

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