"Japanese Stocks Surge to 30-Year High as Yuan Strengthens"

1 min read
Source: Reuters
"Japanese Stocks Surge to 30-Year High as Yuan Strengthens"
Photo: Reuters
TL;DR

Japanese shares reach a three-decade high due to strong earnings and offshore demand, while the yuan strengthens against the dollar following a firm fix by China's central bank. Financial shares lead the gains as investors anticipate an eventual end to negative rates, and auto makers benefit from a weak yen and high exports. Meanwhile, Asian stock markets outside Japan also rise, and the Black Friday sales will test the U.S. consumer-driven economy. The Federal Reserve's minutes, European PMIs, and Nvidia's quarterly results are anticipated this week.

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