Posted 11/13/2023, 3:55:00 AM
Asian Markets Mixed, Wall Street Rallies on Tech Gains Ahead of Biden-Xi Meeting As Traders Scale Back Rate Hike Bets
- Asian markets mostly lower ahead of Biden-Xi meeting, though Tokyo advances
- Wall Street rose sharply on Friday, stocks boosted by tech giants Apple and Microsoft
- Traders betting on only 9% chance of Fed rate hike in December, down from 14.6% previously
- Stock rebounds continue after 10-year Treasury yield popped above 5% last month
- Oil prices fall, with U.S. crude down 55 cents and Brent crude losing 60 cents