The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.A currency trader passes by the screens showing the Korea Composite Stock Price Index , center, and the foreign exchange rate between the U.S.
Japan’s benchmark Nikkei 225 jumped 1.8% to finish at 31,075.36. Sydney’s S&P/ASX 200 gained 0.5% to 6,925.50, while South Korea’s Kospi was little changed, inching down less than 0.1% to 2,403.60. The Hang Seng index in Hong Kong gained 0.1% to 17,213.87.Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetBenchmark U.S. crude oil dropped 90 cents to $83.32 a barrel in electronic trading on the New York Mercantile Exchange. It fell $5.
The yield on the 10-year Treasury, which is the centerpiece of the bond market, pulled back from its highest level since 2007, down to 4.74% early Thursday from 4.80% late Tuesday. Shorter- and longer-term yields also eased to allow more oxygen for the stock market.next year than it had earlier expected. Treasury yields have correspondingly snapped higher as traders accept a new normal for markets of high rates for longer.as the speaker of the House of Representatives.
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