Stock market today: Global shares rise, buoyed by Wall Street rally from bonds and lower oil prices

A currency trader passes by the screens showing the Korea Composite Stock Price Index , center, and the foreign exchange rate between the U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 5, 2023. Asian shares mostly rose Thursday, boosted by a cheaper yen that's a plus for exporting economies in the region, although it recovered slightly in Asian trading.

Japan's benchmark Nikkei 225 jumped 1.8% to finish at 31,075.36. Sydney's S&P/ASX 200 gained 0.5% to 6,925.50, while South Korea's Kospi was little changed, inching down less than 0.1% to 2,403.60. The Hang Seng index in Hong Kong gained 0.1% to 17,213.87. Stocks have struggled since the summer under the weight of soaring Treasury yields in the bond market. High yields undercut stock prices by pulling investment dollars away from stocks and into bonds. They also crimp corporate profits by making borrowing more expensive.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: World markets mixed as bond selling pressures Wall StreetWorld shares are mixed after Wall Street simmered under pressure from rising bond yields. U.S. futures and oil prices edged higher.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetAsian markets are trading sharply lower after Wall Street tumbled as it focused on the...
Source: SFGate - 🏆 534. / 51 Read more »

Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetAsian markets are trading sharply lower after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall StreetMarkets in Europe and Asia are mostly lower after Wall Street tumbled as investors focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall StreetMarkets in Europe and Asia are mostly lower after Wall Street tumbled as investors focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Global shares rise, buoyed by Wall Street rally from bonds and lower oil pricesGlobal shares are mixed after a plunge in oil prices aided a recovery on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »