Asian Shares Trade Mixed as Markets Eye Oil Prices, US Bonds, and Currency Fluctuations
Higher Treasury yields and inflation worries dragged Wall Street lower while Japan’s Nikkei climbed on chipmaker gains.
- Asian shares traded mixed on Thursday as investors analyzed recent volatility in the Treasury bond market and oil prices, with Japan's Nikkei 225 gaining 1.3% while Australia's ASX 200 fell 0.7%.
- Rising Treasury yields undercut stock prices after a preliminary report suggested business activity surged to its strongest level in five years, pushing the 10-year yield to 5.10% from 4.96%.
- Fed Gov. Michael Barr said in a speech this week that further hikes "are likely to be needed" to get inflation to the Fed's 2% target, after the Federal Reserve raised short-term rates last week for the first time in three years.
- Brent crude lost 0.83% to $102.22 a barrel, remaining significantly higher than the roughly $72 cost before the war with Iran began, raising Worries about Middle East supply constraints.
- Despite the Bank of Japan's recent interest rate hike, the Japanese yen remains weak, with currency values edging down to 157.94 Japanese yen as investors monitor Wall Street's recent losses.
18 Articles
18 Articles
Asian stocks fell on Thursday, mainly due to a sharp rise in bond yields. The US 10-year yield jumped above 5 percent, a level not seen since 2007, and in Japan the 10-year yield rose to a 30-year high. Investors are also paying attention to the upcoming meeting between Donald Trump and Xi Jinping, and in the oil market, US-Iranian tensions continue to drive prices. Japan is hanging out from the negative mood, with the Nikkei rising more than 1 …
Asian shares trade mixed as markets eye oil prices, US bonds, and curr
TOKYO (AP) — Asian shares were trading mixed in early Thursday trading, as investors tried to digest the recent swings in oil prices and the U.S. bond market. Japan’s benchmark Nikkei 225 gained 1.3% in morning trading
Asian shares trade mixed as markets eye oil prices, US bonds, and currency fluctuations – WTOP News
TOKYO (AP) — Asian shares were trading mixed in early Thursday trading, as investors tried to digest the recent swings in oil prices and the U.S. bond market. Japan’s benchmark Nikkei 225 gained 1.3% in morning trading to 65,883.41, as some chipmakers got a boost from the recent interest in artificial intelligence. Australia’s S&P/ASX 200...
The Toronto Star
Asian shares trade mixed as markets eye oil prices, US bonds, and currency fluctuations
TOKYO (AP) — Asian shares were trading mixed in early Thursday trading, as investors tried to digest the recent swings in oil prices and the U.S. bond market.
Stock prices fell on most Asian stock exchanges on Thursday, as they did on Wall Street the day before, while the dollar strengthened against a basket of currencies for the fourth day in a row as further interest rate hikes in the US are expected.
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