Asian Stocks to Open Higher After US Notches Gains: Markets Wrap
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
South Korean Prime Minister Han Duck-soo met leaders of five top general hospitals as the new head of a medical lobby group rejected dialogue with the government to end a doctors’ walkout that has strained the health care system.
The biggest chemicals producer in the United Arab Emirates is pursuing a target in the Asia-Pacific region, even as its biggest shareholder is working on a €30 billion ($32 billion) merger of the company with a unit of Austria’s OMV AG.
Kobayashi Pharmaceutical Co. apologized for five people who died and 114 who were taken ill after ingesting its pills made using red yeast, a purplish-red mold that is commonly grown on rice and used in Asian cooking.
Two of the fixed income securities that best portend economic strains — US junk bonds and the financial sector’s high-grade bonds — are rallying as the economy hums along. The trend may continue as fears of a recession subside.
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