Chinese stock markets rally 1-2% after Labor Day holiday, buoyed by optimism over U.S.-China trade talks progress and strong holiday consumption despite weak service sector data
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Dollar weakens for second day as Taiwan dollar surges on US appreciation pressure speculation, while Asia-Pacific currencies strengthen amid trade negotiation expectations and robust US service sector data.
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US Treasury yields rise on strong services sector data and auto tariff exemption, with 10-year yield up 5.70bps to 4.2680%, as risk appetite improves despite mixed economic signals.
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