Asian stocks dipped Tuesday, while a selloff in bonds left the 10-year Treasury yield at the highest since 2018, as risks from high inflation, tightening monetary policy and China’s Covid outbreak ripple across markets MSCI Inc.’s Asia-Pacific equity index fell for a second day, with Japan underperforming. U.S. and European futures were in the red following a Wall Street retreat Monday that pushed losses in the technology-heavy Nasdaq 100 past $1 trillion in the past five sessions. China’s approval of the first batch of new video game licenses since July eased some of the concerns about Beijing’s gaming-sector curbs, but the market reaction was restrained. Tencent Holdings Ltd. was among firms to climb. U.S. Treasuries declined, taking the 10-year yield past 2.80%, as the global bond rout continued. A dollar gauge is on its longest winning streak since 2020. Both trends reflect expectations that the Federal Reserve will implement its fastest tightening since 1994. Australian and New Zealand debt also dropped. Oil rebounded after a tumble that saw crude erase most of the gains sparked by Russia’s invasion of Ukraine. China’s virus outbreaks and mobility curbs, in pursuit of a controversial Covid-zero strategy, are imperiling demand. US After Hours Quiet after hours; WULF -8% heads lower on stock offering
Nikkei -1.80% Hang Seng +0.28% CSI +1.29% Shanghai +0.96% Shenzen +0.98%
Eur$ 1.0870 CNH 6.3777 VNY 6.3678 JPY 125.47 GBP 1.3025 CHF 0.9314 RUB 81.8586 TRY 14.6750 WTI$ 96.56 +2.41% GOld 1,957.05 +0.18% BTC 40,120.40 +0.6 ETH 3017 +0.81%
S&P -0.47% Nasdaq -0.40% EuroStoxx -1.20% FTSE -0.59% Dax -1.33% SMI -0.55%
Macro :
- Treasury Yield Surge to Threaten Bull Run’s Last Resistance Line
- China’s Li Issues Third Growth Warning as Covid Takes Toll (1)
Keep an eye on :
Keep an eye on :
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