Asian Stocks Halt Rally; Yuan Reaches 2024 Low: Markets Wrap.

Asian equities slipped as traders questioned the sustainability of a tech-driven rally that has pushed a key benchmark to a near two-year high. Japanese and Chinese stocks led the weakness in regional equities, with the MSCI Asia Pacific Index falling 0.4%. The offshore yuan also weakened to its lowest level this year. Despite this, MSCI's gauge of Asian stocks is still trading near its highest level since March 2022. [Extracted from the article]