Global Markets: New highs for Nikkei, Hong Kong limps to holiday break
Fri, Feb 9, 2024 2:15 PM

Global Markets: New highs for Nikkei, Hong Kong limps to holiday break

A Flip by Avya Verma
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Japanese shares hit a 34-year high, while the S&P 500 closed at a record high due to strong earnings. Oil prices also rose as Israel rejected a cease-fire offer from Hamas. Chinese markets were closed for Lunar New Year while Hong Kong's Hang Seng slumped 2%. The Nikkei rose 1% aided by a weaker yen. US bond yields and the dollar were up, while the Bank of Japan remains dovish.

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