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Stock market today: Asian markets slip as rising yields in the bond market pressure stocks

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HONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. U.S. futures ...

HONG KONG — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields.in September remained flat compared to the same period last year, the National Bureau of Statistics reported on Friday, indicating persistent deflationary pressures and weak domestic demand.

In South Korea, the Kospi lost 0.9%, to 2,458.05 after official data released on Friday showed unemployment rose to 2.6% in September from a historic low of 2.4% in August. Another report said slightly fewer U.S. workers applied for unemployment benefits last week than expected. That indicates a job market with few layoffs and a stronger economy. But it could also be adding upward pressure on inflation.

Oil prices advanced Friday after swinging on Thursday as a recent rise in crude prices put additional pressure on inflation.A barrel of benchmark U.S. crude gained 71 cents to $83.62 per barrel in electronic trading on the New York Mercantile Exchange. It slipped 58 cents to settle at $82.91 on Thursday. Brent crude, the international standard, was up 51 cents to $86.51 per barrel.

Kevin O'Leary warned that 'real chaos' is ready to start for the 'little guy' in America — here's what's happening and why he's so worked upI was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.US stocks are near their most expensive levels in over two decades, relative to the debt market.

 

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