Asian markets mixed as global rally stalls, eyes on yen

Asian equities were mixed Thursday as investors turned cautious after the past three days’ sizeable gains, with Meta’s warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.

Traders also kept an eye on Japan as the yen wallowed at a fresh three-decade low above 155 per dollar, a level many observers saw as likely to see authorities intervene in currency markets.

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