CXSE - Asia-Pacific stocks in red as traders digest Powell remarks surging yields
2023-10-20 02:40:04 ET
Japan ( NKY:IND ) -0.40% . Japan's core inflation rate drops to a 13-month low at 2.8% .
China ( SHCOMP ) -0.59% . China keeps benchmark lending rates unchanged as expected; injects record short-term cash . Meantime, the prolonged property crisis in China remains an overhang for the economy.
Hong Kong ( HSI ) -0.52% .
India ( SENSEX ) -0.26% .
Australia ( AS51 ) -1.16% .
In the U.S. on Thursday, all three major indexes ended in red , as investors evaluated comments from Fed Chairman Powell, with the 10-year Treasury yield nearing 5% .
Meanwhile, US Federal Reserve Chair Jerome Powell said on Thursday that said that inflation remains too high and monetary policy was not yet too tight.
U.S. stock futures extended losses on Friday as a rally in Treasury yields continued to pressure equities: Dow -0.25% ; S&P 500 -0.36% ; Nasdaq -0.50% .
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
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Asia-Pacific stocks in red as traders digest Powell remarks, surging yields