Japanese stocks dropped for a second day amid growing expectations of further rate hikes by the central bank. Asian equities also declined, following Wall Street’s losses due to weakening US economic data. The broad Topix index in Japan dropped more than 4%, while tech stocks like AI chipmaker SK Hynix fell sharply.
Rupee hits record low of 87.35 vs USD on rate cut expectations
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve
February 5, 2025