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A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Nov. 13, 2024, in Tokyo. A pair of traders work in their booth on the floor of the New York Stock Exchange, Thursday, Nov. 7, 2024. Person walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Wednesday, Nov. 13, 2024, in Tokyo. Japan’s benchmark Nikkei 225 slipped 1.1% in morning trading to 38,953.44, as wholesale inflation reached its highest level since July of last year.
A jump in Treasury yields also added pressure on the stock market, as trading of U.S. government bonds resumed following Monday’s Veterans Day holiday. The yield on the 10-year Treasury jumped to 4.42% on Tuesday from 4.31% late Friday, which is a notable move for the bond market.
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Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump tradeAsian stocks on Wednesday followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory. Japan’s benchmark Nikkei 225 slipped over 1% in morning trading.
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