Asian Stock Market: Bears in command as China stocks see the red, Fed concerns propel yields

d in the US Treasury bond yields and weigh on equities. While portraying the mood, the MSCI’s index of Asia-Pacific shares ex-Japan slumps 2.0%. However, Japan’sIt should be noted that stocks in China are the most negative, followed by those from Hong Kong.

Elsewhere, stocks in Australia and New Zealand also portray mild losses while tracking China whereas Indian equities bear the burden of the Adani stock rout. Furthermore, Indonesia’s IDX Composite drops 0.70% despite firmer Gross Domestic Product figures for the fourth quarter . On a broader front, S&P 500 Futures extend the previous day’s pullback from the highest levels since August, down 0.30% intraday near 4,140 by the press time. On the same line, the US 10-year Treasury bond yields remain firmer for the third consecutive day, to 3.56% by the press time, following the biggest weekly jump since late September 2022.

Also to note is that Friday’s upbeat US jobs report and activity numbers renewed hawkish bias towards the Federal Reserve and underpinned the recovery in the US Treasury bond yields, which in turn weighed on the market’s mood. Also likely to probe the sentiment could be the cautious mood ahead of Fed Chairman Jerome Powell’s speech on Tuesday, as well as the market’s chatters that China's stimulus will be limited.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market today: Dow slips as jobs gains deliver big blow to Fed pause bets By Investing.com*STOCKS END WEEK LOWER AS STRONG JOBS DATA DELIVERS BIG BLOW TO FED PAUSE BETS Gold had a big move! Well that and terrible earnings. Not my 'TESLA'🔥🔥🔥
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

Stock Market Crash: At Least 20% Further Downside Ahead, Expert SaysThe former head of a $20 billion portfolio warns stocks will fall at least another 20% as investors become complacent about a recession and the Fed vows to keep rates elevated Makes sense.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Musk, Burry, Grantham warn of pain for stock market, US economyElon Musk, Michael Burry, and Jeremy Grantham warn stocks may slump and the economy could suffer. Here are 5 experts' warnings of what lies ahead.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

India's market regulator says markets stable amid Adani stock routIndia's market regulator on Saturday said that Indian financial markets remain stable and continue to function in a transparent and efficient manner. Good joke
Fonte: Reuters - 🏆 2. / 97 Leggi di più »