HONG KONG, Oct 18 — Asian stocks rose in cautious trade today, with investors choosing to focus on corporate earnings prospects and the resilience of the US economy ahead of tensions in the Middle East.
Benchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade today to 4.7331 per cent.Investors are also trying to assess risks that a wider conflict breaks out in the Middle East which remains a “very fluid situation”, Craig said. Israel’s shekel weakened beyond 4-to-the-dollar for the first time since 2015 yesterday, as it bears some of the brunt of worry and uncertainty about the Gaza situation.
The euro traded at US$1.0549 and the yen JPY=EBS hovered just short of the 150-per-dollar mark at 149.53.