Asia stocks hit 11-month low on soaring bond yields, yen spike stirs intervention talk
The Straits Times Index was down 1.2 per cent as at 9.25am. Read more at straitstimes.com.
Source: straitstimes.com
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Asia stocks hit 11-month low, yen spike stirs intervention talk
Asian stocks fell to a 11-month low on Wednesday after another piece of resilient U.S. economic data sent Treasury yields to fresh highs, while a sharp rise in the yen had traders speculating that Japanese authorities stepped into the market. The yen breached the 150-per-dollar level before suddenly shooting to 147.3. There was no confirmation from Tokyo, where Japan's top currency diplomat made no direct comment on the move.
Source: yahoo.com
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Premarket: Bond rout keeps world stocks pinned down
Risk appetite sours as investors bet interest rates will remain higher for longer
Source: theglobeandmail.com
Asia stocks slump as bond selloff spooks markets
* 10-year Treasury yields hit 16-year high above 4.8% * Yen jumps; Japan officials not confirming intervention * Rising dollar... -October 03, 2023 at 11:08 pm EDT - MarketScreener
Source: marketscreener.com
stock names: Asian stocks hit 11-month low, yen spike stirs intervention talk
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% to its lowest since November, with Australian shares also hitting an 11-month trough and South Korea's Kospi back from a break with a 1.8% fall.
Source: indiatimes.com