Asia-Pacific stocks slip as 10-year U.S. Treasury yield surges

0 0
Read Time:2 Minute, 6 Second


SINGAPORE — Shares in Asia-Pacific slipped in Wednesday morning trade, following an overnight surge in the U.S. 10-year Treasury yield.

The Nikkei 225 slipped 1.28% in morning trade while the Topix index fell 1.04%. South Korea’s Kospi dipped 0.89%.

Elsewhere, the S&P/ASX 200 in Australia declined 0.42%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.35% lower.

Shares in mainland China are set to return to trade on Wednesday following holidays earlier in the week.

A private survey on Chinese services sector activity in March is also set to be out at 9:45 a.m. HK/SIN on Wednesday. That data release comes as China continues to battle its worst Covid outbreak since the beginning of the pandemic in early 2020.

U.S. Treasury watch

Currencies and oil



Source link

About Post Author

unstore

Unstore.com.np : The One-stop Shopping Destination!unstore.com.np online shopping site is one of the leading online shopping store in Nepal,Enjoy low prices and great deals on the latest products list.Why do you want to hop from one store to another store.buy products online at unstore.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.