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Hong Kong Stocks Jump and Japanese Yen Remains in Focus

Hong Kong Stocks Jump and Japanese Yen Remains in Focus

Hong Kong stocks led the way higher in Asian trading on Thursday as markets returned from a midweek holiday, while elsewhere in Asia the Japanese yen remained in focus with the currency at historically weak levels. Hong Kong’s Hang Seng Index jumped 2.5% after trading was on pause on Wednesday. “The top story is renewed speculation that Bank of Japan intervened in foreign exchange markets after the yen spiked by nearly 3% late on in the U.S. session,” said Jim Reid, a strategist at Deutsche Bank.