Asian stocks climb on Wall Street's lead; dollar sags after Fed cut [Yahoo! Finance]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Yahoo! Finance
digested the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. U.S. Treasury yields pushed to new lows in Asian hours, keeping the dollar under pressure after its biggest decline versus major peers in more than six weeks on Thursday. Asia-Pacific stocks were on track for a 3.1% rally this week, after quickly recovering from a knee-jerk dip on U.S. election night, which spurred worries of debilitating trade tariffs, not least in China. However, optimism over stimulus from Beijing buoyed sentiment as the week-long National People's Congress Standing Committee meeting concludes on Friday with officials holding a briefing. Sources previously told Reuters that Chinese fiscal spending could be increased in the event of a second Trump presidency. Mainland Chinese blue chips were up 0.5% as of 0155 GMT, after a 3% surge on Thursday. Hong Kong's Hang Seng gained 1%. Japan's Nikkei added 0.25%
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MFG
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- MFG's page on the SEC website