Most Asian stocks fell sharply on Friday, with technology shares seeing a sharp reversal as markets turned broadly risk-averse ahead of more cues on monetary policy from the Jackson Hole Symposium.
Japanese ministries' budget demands for the next fiscal year will likely top 110 trillion yen ($753 billion), the Nikkei business daily reported on Friday, with rising interest rates expected to boost debt servicing costs.
The U.S. dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as markets await a speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy.
Erin Yao would like to take street dance classes and travel, activities she could not do during three years of COVID-19 restrictions in China.
New orders for key U.S.-manufactured capital goods rose modestly in July, suggesting business spending on equipment could continue to grow after rebounding in the second quarter.
Global trade volumes will grow at a “moderate pace” in the third quarter of the year, continuing the uptick from the prior period after two quarters of decline, the World Trade Organization said.