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

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Shares have fallen in Asia after a retreat on Wall Street as the vise tightened from rising yields in the bond market. Hong Kong's benchmark dropped more than 2% as investors were disappointed by the latest Chinese economic data. U.S. futures edged higher and oil prices advanced. On Thursday, the S&P 500 lost 0.6% and the Dow shed 0.5%.

A currency trader passes by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 13, 2023. Asian markets slipped on Friday following a decline in Wall Street driven by mounting pressure from rising bond market yields.

Japan’s Nikkei 225 index fell 0.6% to 32,293.69. Australia’s S&P/ASX 200 lost 0.5% to 7,053.80. Taiwan’s Taiex slipped 0.4%, and the SET in Bangkok gave up 0.7%. 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.

 

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Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higherShares are higher in Asia, tracking Wall Street gains following an easing of pressure from the bond market. U.S. futures slipped and oil prices rose slightly. Investor sentiment got a boost from a report by Bloomberg, citing unnamed sources, that the Chinese government is considering boosting spending on construction to support the slowing economy. On Tuesday, the S&P 500 rose 0.5% and the Dow added 0.4%. The Nasdaq composite climbed 0.6%. Treasury yields eased considerably after trading resumed
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas.
แหล่ง: ksatnews - 🏆 442. / 53 อ่านเพิ่มเติม »

Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »

Stock market today: Asian shares rise with eyes on prices, war in the Middle EastAsian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas. U.S. futures advanced while oil prices fell. Hong Kong's benchmark jumped more than 2%. On Wednesday, the S&P 500 rose 0.4% and the Dow added 0.2%.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »