Asian shares decline under pressure from rising bond yields and surging oil prices
FROM THE WIRE · FINANCE.YAHOO.COM
HONG KONG (AP) — Asian shares fell and oil prices surged Thursday after stocks on Wall Street retreated from their latest records. U.S. equity futures were mixed. Stocks once again have retreated under pressure from rising yields in the bond market. The yield on the 10-Year U.S.…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishBroad Asian equity decline driven by rising bond yields and expectations of further rate hikes is a significant market move.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Asian shares fell as bond yields rose following Fed minutes suggesting further rate hikes.
- 02Nikkei 225 fell 0.9%, Kospi 0.8%, Hang Seng 0.2% and ASX 200 0.6%.
- 03Oil prices surged while S&P 500 dropped 0.2% and Dow Jones 0.7%.
- 04US 10-Year Treasury yield stayed near multi-decade highs after Fed minutes.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Nikkei 22569,042.11Market closedtoday -1.42%Negative KOSPI6,625.93Market closedtoday -2.62%Negative S&P/ASX 2008,663.80Market closedtoday -0.73%Negative Crude Oil WTI91.35 USD+1.06%today +3.48%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets