Asian Stocks Mostly Fall After Wall Street Sinks and Oil Prices Rise
Rising U.S. Treasury yields and higher oil prices weighed on markets as Wall Street fell and Brent crude topped $99 a barrel.
- On Tuesday, Asian shares mostly fell following Monday's Wall Street losses, with Japan's Nikkei 225 losing 0.6%, Hong Kong's Hang Seng dropping 0.4%, and Taiwan's Taiex falling 0.8%.
- U.S. Treasury yields paused after reaching roughly two-decade highs, pressuring stock markets globally. The 10-year yield traded at around 5.23% early Tuesday after hitting 5.27% on Monday.
- Australia's central bank lifted its benchmark rate on Tuesday in its fourth hike this year, reaching the highest level in 15 years. Central banks globally continue raising rates to combat inflation.
- Hong Kong-traded shares of Shein fell more than 12% after reporting adjusted net profit declined 67% for the latest quarter. The Shanghai Composite rose 0.2% following China's State Council discussion on "improving the effectiveness" of macro policies.
- Amid uncertainty over U.S.-Iran talks, Brent crude gained 1.4% to $99.16 per barrel, well above roughly $72 before the Iran war. President Donald Trump rejected an offer from Tehran over the weekend to reopen the Strait of Hormuz.
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KTBSGlobal shares are mixed after Wall Street dips and oil prices stabilize
World shares were mixed after losses on Wall Street, while U.S. Treasury yields steadied near their highest levels in roughly two decades. U.S. futures edged lower. Oil prices stabilized amid uncertainty over U.S.-Iran negotiations and the possible reopening of the Strait of Hormuz, a crucial route for global energy shipments. On Monday, the benchmark S&P 500 fell 0.8%, the Dow Jones Industrial Average lost 0.7% and the technology-heavy Nasdaq c…
Most Asian scholarships fell this Tuesday, after the losses on Wall Street, while U.S. Treasury bonds revenues paused their discharge after reaching the highest level in about two decades. Exclusive subject matter for subscribers. To have full access, access the subject's link and register.
CHOCHILINO Asian stocks mostly fall after Wall Street losses and oil prices rise %
HONG KONG — Asian shares mostly fell on Tuesday following Wall Street losses, while U.S. Treasury yields paused their runup after reaching their highest level in roughly two decades. U.S. futures edged lower, and oil prices climbed over uncertainties over U.S.-Iran talks and the possibility of a reopening of the Strait of Hormuz, a waterway …
US President Donald Trump rejected an Iranian proposal for a peace agreement; oil fired with news and generated concern with inflation
Asian stock exchanges prolong Wall Street losses while investors await the decision of Australian types and Samsung moves banknote with a $1 billion investment in artificial intelligence infrastructure.
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