Asian markets show mixed signals as Japan's bond yield rises, fueling speculation about interest rate hikes. Investors are also closely watching manufacturing data from Singapore.
Markets in Australia, New Zealand, and Hong Kong were closed for the Boxing Day holiday. The Japanese 10-year government bond yield rose 1.3 basis points to 1.078%, while the yen strengthened to 157.16 against the dollar on Thursday, suggesting market anticipation of potential interest rate hikes by the Bank of Japan. Traders in Asia are awaiting November manufacturing output data from Singapore later in the day. U.S. markets were closed for Christmas.
Stocks rose on Christmas Eve, marking the start of the traditional Santa Claus rally, which typically occurs in the last five trading days of the year and the first two days of January
Asia Markets Japan Bond Yield Interest Rate Hikes Singapore Manufacturing Data Santa Claus Rally
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