Asia-Pacific markets fall after Japan’s yen weakens to a near 38-year low; Hong Kong leads losses
2024-06-27 09:19:05 source：CNBC
June 26, 2024
Asia-Pacific markets opened lower on Thursday, as the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S. dollar, according to FactSet data.
The yen last breached the 160 level against the dollar two months ago, prompting the Japanese government to prop it up in the country’s first currency intervention since 2022.
Finance Minister Shunichi Suzuki said Thursday that the country was “deeply concerned about FX impact on economy,” Reuters reported.
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