Stock market today: Asian shares rise and the yen dips after Japan's ruling party loses majority
- Posted on October 28, 2024
- By Yahoo News
- 2 Views
Stock market today: Asian shares rise and the yen dips after Japan's ruling party loses majority
Asian shares rose Monday, as the yen dipped in the midst of political uncertainty after Japan's ruling party lost its majority in Parliament's lower house in weekend elections. In currency trading, the U.S. dollar rose to 153.76 Japanese yen from 152.24 yen. The weak yen is a boon for Japan's giant exporters like Toyota Motor Corp., whose stock gained 3.7% in Tokyo trading.