Last week's hopes of a US debt ceiling agreement boosted some Asian stocks, but this week's renewed default fears are dominating and causing some Asian stocks to trade lower.
On Wednesday, the Nikkei 225 index rose to a 33-year high. Could strong Japanese GDP data, foreign investors, and the US debt ceiling be the reasons why?
In response to growing expectations that the U.S. Federal Reserve will continue raising interest rates, drops on the Oil markets and Asian Indices were observed Tuesday morning.
BOJ doubled the cap on 10-year bond yields in a surprise policy tweak seen as a sign to normalisation and a potential prelude to hikes next year. Could this move lead to a return of capital and drive up borrowing costs worldwide?
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