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Japan Real Wages Continue To Fall In February
Japan's real wages declined for the eleventh straight month in February weighing heavily on household spending, data from the Ministry of Health, Labor, and Welfare showed Friday. Inflation adjusted real wages decreased 2.6 percent annually, but the pace of decline slowed from the 4.1 percent drop in January. Real wages have been falling since April 2022.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the early European session on Friday.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.
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Australian Dollar Rises Against Majors
The Australian dollar rose against other major currencies in the Asian session on Friday.
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Thai Shares Tipped To End Losing Streak
Ahead of Thursday's holiday for Chakri Day, the Thai stock market had finished lower in three straight sessions, slumping almost 40 points or 2.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,570-point plateau although it may find traction on Friday.
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China Stock Market May Extend Winning Streak
The China stock market has tracked higher in five straight sessions, gathering more than 65 points or 2.2 percent along the way. The Shanghai Composite Index now sits just above the 3,310-point plateau and it's got a positive lead again for Friday's trade.
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Taiwan Stock Market May Erase Thursday's Losses
The Taiwan stock market on Thursday wrote a finish to the three-day winning streak in which it had advanced almost 170 points or 1.1 percent. The Taiwan Stock Exchange now rests just above the 15,810-point plateau although it's tipped to rebound on Friday.
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more news
Japan Household Spending Rises 1.6% On Year In February
The average of household spending in Japan was up 1.6 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday - coming in at 272,214 yen.
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Malaysia Stock Market Due For Support On Friday
The Malaysia stock market has moved lower in three straight sessions, slipping almost 8 points or 0.6 percent in that span. The Kuala Lumpur Composite Index now rests just beneath the 1,425-point plateau although it may stop the bleeding on Friday.
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South Korea Has $0.52 Billion Current Account Shortfall In February
South Korea posted a current account deficit of $0.52 billion in February, the Bank of Korea said on Friday.
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Mild Upside Predicted For South Korea Shares
The South Korea stock market on Thursday halted the two-day winning streak in which it had gathered almost 25 points or 1 percent. The KOSPI now rests just beneath the 2,460-point plateau although it may tick higher again on Friday.
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Japan Leading Index Data Due On Friday
Japan will on Friday see February results for its leading and coincident economic indexes, highlighting a modest day for Asia-Pacific economic activity. In January, the leading index score was 96.6.
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TSX Ends Marginally Higher
The Canadian market ended marginally up on Thursday after a cautious session. Volumes were somewhat thin ahead of a long weekend.
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