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Asian Stock Market: Trades mixed as NFP week begins with OPEC+ surprise

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Asian Stock Market: Trades mixed as NFP week begins with OPEC+ surprise – by anilpanchal7 Asia OPEC RiskAversion Inflation CentralBanks

Downbeat manufacturing numbers from Japan, China also challenge sentiment amid firmer yields.

While portraying the mood, the MSCI’s index of Asia-Pacific shares outside Japan drops 0.60% intraday but Japan’s Nikkei 225 prints 0.50% intraday gains around 28,190 by the press time. On a broader front, the S&P 500 Futures snapped a three-day uptrend near the highest levels since mid-February while the US 10-year and two-year Treasury bond yields print mild gains near 3.52% and 4.11% respectively.

With this, stocks in China join Indonesia’s IDX Composite, South Korea’s KOSPI and India’s BSE Sensex to print mild losses.

 

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