Nasdaq 100, Hang Seng Weekly Open: Markets Recede from Recent Highs

Asia-Pacific stocks trade broadly lower on the last trading day in November, retracing from recent highs. A vaccine-led rally appears to be overstretched, calling for profit-taking.

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Australian Dollar Dismisses Positive Chinese Data as US Blacklists SMIC, CNOOC

The Australian Dollar initially pushed higher on the back of positive Chinese PMI data before the Trump administration’s move to blacklist SMIC and CNOOC propelled the trade-sensitive currency lower.

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US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+

The anti-risk US Dollar and Japanese Yen fell as stocks aimed higher at the start of the global grading week. Crude oil prices fell after OPEC+ officials failed to agree on an output cut extension.

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