Bank of Japan Governor Kazuo Ueda’s comment on Monday that the central bank will raise interest rates further if the economy continues to improve also hit sentiment as worries grew about unwinding of yen carry trades-a strategy used by investors to borrow from a low-interest country and invest in a high-interest-yielding country.
Manappuram Finance, Muthoot Finance, other gold financier stocks drop up to 3%. Here’s why
Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal