Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veer

  • 📰 AP
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Asian shares are mostly higher after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%. Benchmarks rose in Tokyo, Sydney, Seoul, Shanghai and Taiwan, but fell in Hong Kong. U.S. futures and oil prices rose.

A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, Oct. 24, 2023, in Tokyo. Shares were mixed Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, Oct. 24, 2023, in Tokyo.

Shanghai’s benchmark had fallen to its lowest level in several years as worries over a slump in the property market and a slowing economy in general have led investors to sell off shares. A 3.8% jump for Nvidia and 0.8% rise for Microsoft were the two strongest forces helping to limit the market’s losses, while most stocks on Wall Street weakened.

U.S. oil had been above $93 last month, and it’s bounced up and down since then amid concerns that fighting in the Gaza Strip could lead to disruptions in supplies from Iran or other big oil-producing countries.

 

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

 /  🏆 728. 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.

Why a 5% Treasury yield sends a gloomy stock-market message right now‘The trade-off between stocks and bonds continues to be the most significant driver for equities broadly’: Jefferies
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: 10-Year Treasury Yield Hits 5%This week will bring earnings from several of the 'Magnificent Seven' tech giants
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: 10-Year Treasury Yield Hits 5%Several of the 'Magnificent Seven' tech giants will post earnings this week
Source: WSJ - 🏆 98. / 63 Read more »