A currency trader passes by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 13, 2023. Asian markets slipped on Friday following a decline in Wall Street driven by mounting pressure from rising bond market yields.
In share trading, Germany's DAX fell 1% to 15,274.88 and the CAC 40 in Paris lost 92 cents to $7,039.45. Britain's FTSE 100 was down 0.6% at 7,600.63. The future for the S&P 500 lost 0.3% while that for the Dow Jones Industrial Average lost 0.2%. Japan’s Nikkei 225 index fell 0.6% to 32,315.99. Australia’s S&P/ASX 200 lost 0.6% to 7,051.00. Taiwan’s Taiex slipped 0.3%, and the SET in Bangkok gave up 0.6%.The stock market has largely been taking its cues from the bond market recently. Weak results announced on Thursday for an auction of 30-year Treasury bonds sent yields higher on all kinds of Treasurys.inflation at the consumer level