US bond yields peaked, Japanese – Korean stocks both fell
Hong Kong and Taiwan are two major and rare stock markets in Asia to welcome the green color on February 17 trading day, while Japan – Korea stocks are tinged with red.
|The Nikkei 225 index fell 0.58% on the February 17th trading day. Documentary photo: AFP|
Taiwan stock market today prospered with the Taiex index rising 3.54% to 16,362.29 points. Notably, shares of the Taiwan Semiconductor Manufacturing Company (TSMC) rose 4.91%. On the Hong Kong market, the Hang Seng index rose 1.1% and ended the day at 31,084.94 points.
In Japan, the Nikkei 225 index lost 0.58% and closed the day at 30,292.19, while the Topix index slipped 0.18% to 1,961.49. The red color still covered the Japanese stock market even though the country’s January exports increased by 6.4% year-on-year, according to statistics released by the Japanese Ministry of Finance on the same day.
The red also surrounded the Korean stock market with the Kospi index closed down 0.93% to 3,133.73 points, while the S & P / ASX 200 of Australia also dropped 0.46% to 6,885.20. However, the MSCI Asia-Pacific (excluding Japan) still edged up 0.39%.
The mainland Chinese stock market today is still closed for the Lunar New Year holiday.
On the US stock market, two major Wall Street indexes fell together last night after the 10-year Treasury bond yield peaked over the past year. The S&P 500 index closed 0.1 percent lower to 3,932.59 points, while the Nasdaq Composite lost 0.3 percent and finished at 14,047.50. Dow Jones alone closed at a record 31,522.75 points, up over 64.35 points.
10-year Treasury yields on Feb. 16 rose 9 basis points to 1.3% – the highest level since February 2020, while the yield on 30-year treasury bonds also peaked. in the past year. Previously, the yield on 10-year US treasury bonds stood at 1.2989%.
“Treasury yields have risen after concerns about increasing US inflation amid rising energy prices in the country are expected to launch another major fiscal stimulus package. Meanwhile, the global economic recovery has entered a more stable phase when programs for vaccination against Covid-19 have been activated, reopening the economy, “said Rodrigo Catril, an expert in distribution. monetary strategy analysis at the National Bank of Australia (NAB) said.
On the money market, the US dollar index against other major currencies fell to 90,757 after reaching 90,814. Japanese Yen weakened and converted 105.95 JPY / USD, from 105.2 JPY / USD set at the beginning of the week, while the Australian dollar also depreciated and exchanged 1 AUD for 0.775 USD, compared to the level 1 AUD / 0.78 USD was set yesterday.
Oil prices on the Asian market this afternoon went up, with Brent for futures rising 0.88% to $ 63.91 / barrel while US crude futures inched up 0.65% to $ 60.44 / barrel. bin.