Tokyo rallies on weak yen, Hong Kong reverses after surge [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
Traders remain on edge, however, as they await Israel's response to Iran's missile attack on Tuesday, which has fanned fears of a regional conflict in the Middle East, pushing oil prices ever higher. The Nikkei gains come after a rollercoaster few days in Tokyo that followed Prime Minister Shigeru Ishiba saying the time was not right for further increases in borrowing costs after a meeting with central bankers. News of Ishiba's victory in a ruling party vote last Friday -- essentially making him premier -- sent the yen soaring and stocks plunging at the start of this week as he had previously spoken of his backing for the Bank of Japan's policy tightening. The country's currency and stocks have since fluctuated, but his remarks late Wednesday appeared to quash the chance of a third hike this year. "I don't think we are in the environment for further rate hikes," Ishiba told reporters after meeting with BoJ boss Kazuo Ueda. "The economy will continue to develop sustainably w
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