Covid concerns weigh on Hong Kong stocks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News News

US Treasury yields decline amid Federal Reserve’s dovish signals

Stock prices displayed inside the trading gallery of the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia, on November 21 2022. Picture: Samsul Said/Bloomberg

The 10-year Treasury yield dipped to 3.659%, the lowest since October 5 in Tokyo trading, after Thursday’s US Thanksgiving holiday. The two-year yield slipped to a one-week bottom at 4.44%. Futures markets show investors now see US rates peaking just above 5% around May, and are pricing in roughly two-thirds odds that the Fed slows to a half-point hike on December 14 from a string of 75 basis point increases.

China reported record high Covid infections on Thursday, with cities nationwide imposing localised lockdowns, mass testing and other curbs, snuffing out recent optimism about the world’s second largest economy moving from strict zero-Covid policies to living with the disease.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is a pure free exchange group, if you also invest in stocks, please click this link. Welcome real stock investors to learn and exchange together, cheaters go away, please give investors a clean place!

If you never allow a population to develop natural immunity you will never defeat an airborne virus

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Asian stocks edge up and Hong Kong tech shares seesaw: markets wrapEquities advanced in Asia following a rally on Wall Street, while Hong Kong-listed technology stocks fluctuated amid speculation that China’s regulatory crackdown on the sector may be closer to ending.
Source: dailymaverick - 🏆 3. / 84 Read more »