PGJ - Asia-Pacific stocks in red amid a rebound in Treasury yields and selloff on Wall Street
2024-01-03 02:10:29 ET
Japan ( NKY:IND ) markets closed. Japan was assessing the damage from a powerful earthquake that struck its central region on New Year’s Day . Japanese markets will reopen on January 4.
China ( SHCOMP ) -0.07% .
Hong Kong ( HSI ) -1.13% .
India ( SENSEX ) -0.46% . The S&P Global India Manufacturing PMI dropped to 54.9 in December 2023 from 56.0 a month earlier, pointing to the lowest print since June 2022 and missing market forecasts of 55.9.
Australia ( AS51 ) -1.37%.
In the U.S. on Tuesday, all three major indexes ended mixed amid a rout in tech stocks, as investors locked in profits following a solid run in 2023. A rebound in the dollar and Treasury yields also weighed on equities as investors await key US jobs data and the latest Federal Reserve meeting minutes this week.
Analysts also pointed to heightened geopolitical tensions in the Middle East after Iran deployed a warship to the Red Sea earlier this week, in a bold move to challenge US forces in the key trade route.
U.S. stock futures were little changed on Wednesday after the tech-heavy Nasdaq Composite posted its worst session since October: Dow -0.06%; S&P 500 -0.03%; Nasdaq -0.06%.
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
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Asia-Pacific stocks in red amid a rebound in Treasury yields and selloff on Wall Street