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TOKYO/NEW YORK: Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.
IN the run-up to the Third Plenum of the Chinese Communist Party (today to Monday), Premier Li Keqiang gave an overview of his reform priorities at a lecture to the 16th Chinese Workers’ Association on Oct 21 in Beijing. It was a lesson in Likenomics 101.
SINGAPORE: Most emerging Asian currencies extended slides on Monday as investors added bearish bets on growing expectations that the U.S. Federal Reserve may start to scale back its stimulus this year after strong economic data.