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  • 8/14/2024
Asian shares rise, Kiwi slumps as New Zealand cuts rates
Transcript
00:00Asian stocks increased following weak U.S. producer price data that raised prospects
00:05for benign consumer price inflation.
00:08Both the Japanese yen and IK faltered after Japanese Prime Minister Fumio Kishida announced
00:13he would step down as ruling party leader in September.
00:17The yen was down 2.2 percent.
00:19Meanwhile, the New Zealand dollar fell 1.1 percent after the Reserve Bank of New Zealand's
00:25slashed interest rates.

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