Yen surges: A man checking his phone as he walks past a display of market indices including the dollar to yen exchange rate in Tokyo. The yen rose to an 18-month high against the US dollar yesterday. – Reuters
PETALING JAYA: Stocks on Bursa Malaysia may come under pressure when trading resumes today after an extended weekend amid mounting concerns over policy direction of major central banks, even as developed economies continue to struggle with stuttering growth.
In Japan, stocks came under heavy selling yesterday amid worries that the surging yen would hurt exporters’ earnings. The few Asian markets that were open for trading yesterday suffered declines.
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