Most Asian currencies strengthened against the dollar in early Asian trade, boosted by U.S. President-elect Trump’s nomination of Scott Bessent for Treasury Secretary.
SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.
Gold edged lower in early Asian trading. A pullback after reaching highs was likely, as investors are still in the mood to reduce their gold positions, Nanhua Futures said.
Hong Kong shares rose, supported by auto stocks as investors watched for the December politburo and central government work conference as the next catalyst for China’s economy.
Before becoming Donald Trump’s commerce secretary pick, Lutnick deepened Cantor Fitzgerald’s ties with a stablecoin firm being investigated by U.S. authorities.