Asian stocks are mostly higher aside from in Japan, where investors are awaiting the outcome of an election on Sunday.
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FILE - The Fearless Girl statue, with a flower draped on the shoulder, stands outside the New York Stock Exchange on Oct. 23, 2024. A currency trader reads documents at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 25, 2024. Japanese Prime Minister Shigeru Ishiba, who took office just weeks ago, called the snap general election to drum up support as the ruling Liberal Democrats grapple with a political funding scandal.
Elsewhere, South Korea’s Kospi climbed 0.3% to 2,590.30 and Australia’s S&P/ASX 200 climbed 0.1% to 8,216.50. Taiwan’s Taiex increased 0.3%. Treasury yields, which had eased overnight, pared their losses after the release of the unemployment claims report before yo-yoing. The yield on the 10-year Treasury fell to 4.20% from 4.25% late Wednesday. It’s still well above its 4.08% level from late last week.
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