HONG KONG: A near 5-percent plunge in Tokyo led another Asian rout on Friday, bringing to an end one of the most painful weeks for global investors as fears about the world economy—and possible recession—stalk trading floors.
The losses in Japan came as the yen pushed to more than 16-month highs against the dollar. The rise led the government to say it would take “appropriate measures,” fuelling speculation officials were considering a currency market intervention.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.