Typhoon, Rupee Plunge Stir Asian Markets; Hong Kong Shares Slide Amid Storm
Typhoon, Rupee Plunge Stir Asian Markets; Hong Kong Shares Slide Amid Storm

Asian equities exhibited a mixed performance today, with significant market shifts unfolding across the region. Hong Kong’s stock market experienced a notable downturn, with shares falling 1.1% on lower-than-usual trading volumes, as the city braces for its most damaging typhoon since 2018.
Stocks in mainland China also saw a 1% decline, while a broader gauge of Asian shares remained largely unchanged. Adding to the regional volatility, the Indian rupee depreciated to a record low against the US dollar.
Conversely, Asian chip-related stocks recorded gains, buoyed by the news of Nvidia Corp.’s strategic investment in OpenAI. Meanwhile, cash trading of Treasuries was halted due to a holiday observed in Tokyo.
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