(Bloomberg) -- Stocks in Asia pared declines Friday and the dollar was around a one-month high as traders weighed some mixed Federal Reserve policy signals on the likely pace of further interest-rate hikes.
Shares of KakaoBank Corp., a South Korean online-only lender, tumbled as much as 13% to a record low after one of its key shareholders sought to raise $320 million in a block trade.
Indonesian President Joko Widodo generated headlines on the Group of 20 summit, a nickel tax and Elon Musk’s Tesla Inc. during an interview on Thursday with Bloomberg News Editor-in-Chief John Micklethwait.
Philippine central bank Governor Felipe Medalla said the series of interest-rate hikes have likely contained domestic inflation, signaling that future policy rate increases would be smaller than recent moves.
SBI Holdings Inc., Japan’s biggest online brokerage, said it will shut crypto-mining operations in Russia, adding to the churn in the region sparked by the threat of US sanctions.
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