KURE - Asia-Pacific stocks fall amid escalating turmoil in the Middle East rising Treasury yields
2023-10-19 02:20:09 ET
Japan ( NKY:IND ) -1.73% . Japan September exports +4.3% y/y (expected +3.1%) Imports -16.3% y/y (expected -12.9%).
Japan’s 10-year government bond yield rose above 0.8%, hitting its highest levels in ten years and tracking a rally in global bond yields.
China ( SHCOMP ) -1.44% . China new home prices for September -0.2% m/m (prior -0.3%) and -0.1% y/y (prior -0.1%).
Hong Kong ( HSI ) -2.07% .
India ( SENSEX ) -0.51% .
Australia ( AS51 ) -1.36%. Australia September Jobs +6.7K (vs. +20K expected) & Jobless rate 3.6% (vs. 3.7% exp).
Australia’s 10-year government bond yield surged above 4.7%, hitting its highest levels in 12 years and tracking a rally in US bond yields.
In the U.S. on Wednesday, all three major indexes ended in red , as escalating turmoil in the Middle East dampened risk appetite while the earnings season rolled on.
U.S. stock futures drop following a downbeat day on Wall Street overnight, as higher Treasury yields and escalating tensions in the Middle East spooked investors: Dow -0.09% ; S&P 500 -0.13% ; Nasdaq -0.12% .
Tensions escalated in the Middle East after a blast at a Gaza City hospital killed hundreds of Palestinians on Tuesday, raising political uncertainty in the region and the possibility that other countries would intervene.
Meanwhile, investors cautiously awaited US Federal Reserve Chair Jerome Powell’s speech later today to gain insight on the path for monetary policy.
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
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Asia-Pacific stocks fall amid escalating turmoil in the Middle East, rising Treasury yields