Asian shares open mixed after Wall Street rally: Markets fall

Asian shares open mixed after Wall Street rally: Markets fall

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Hong Kong stock futures are indicating to open higher. Meanwhile, the yield on the 10-year US Treasury was little changed at 4.61%.

South Korea’s economy continued to decline in the last quarter, with gross domestic product growth falling short of expectations. The country plans to issue up to 20 trillion won ($13.9 billion) in special bonds starting Thursday, dusting off a tool used 21 years ago to help stabilize its currency.

The Bank of Japan is on track to raise interest rates to the highest level since 2008 on Friday, as the central bank continues to make progress toward normalization, just as the Federal Reserve and the European Central Bank begin to pause their easing cycles. Has given.

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said in an interview on Wednesday that there are signs that the U.S. stock market is too hot.

“Asset prices are kind of inflated,” Dimon told CNBC. “You need pretty good results to justify those prices.”

Treasury rates rose to the highest level in several months last week as investors analyzed economic data for signs of the Federal Reserve’s next interest rate cut. US 10-year yields have returned to relative strength after reading what usually signals a retreat. Combine this with positive technical signals and the Nasdaq 100 and S&P 500 indexes are both set to hit new all-time highs in the first quarter, according to Ross.

In commodities, Brent oil fell for a fifth session as Trump’s tariff threats offset the impact of unprecedented US sanctions on Russia. There was little change in gold.

Major events of this week:

  • Eurozone consumer confidence, Thursday

  • America’s jobless claims, Thursday

  • Bank of Japan policy meeting, Friday

  • Eurozone HCOB Manufacturing and Services PMI, Friday

  • US University of Michigan Consumer Sentiment, Current Household Sales, S&P Global Manufacturing & Services PMI, Friday

Some key movements in the markets:

shares

  • S&P 500 futures were little changed at 9:26 a.m. Tokyo time

  • Hang Seng futures rose 0.4%

  • Japan’s topics were slightly changed

  • Australia’s S&P/ASX 200 fell 0.4%

  • Euro Stoxx 50 futures rose 0.8%

currencies

  • The Bloomberg Dollar Spot Index was little changed

  • The euro was little changed at $1.0410

  • The Japanese yen rose 0.1% to 156.35 per dollar

  • Offshore yuan little changed at 7.2830 per dollar

  • Australian dollar unchanged at $0.6274

  • The British pound was little changed at $1.2315

cryptocurrency

  • Bitcoin fell 0.9% to $103,183.17

  • Ether fell 0.1% to $3,254.2

bond

  • The yield on 10-year Treasuries was little changed at 4.60%

  • Japan’s 10-year yield remained unchanged at 1.190%

  • Australia’s 10-year yield rose one basis point to 4.47%

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(tagstotranslate)Asian Stock Market

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