Asian shares slipped on Wednesday, giving up small gains made the previous day as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
Asian Shares
- MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent.
- Japan’s Nikkei average lost 0.6 percent.
- Shanghai Composite rebounding 0.6 percent.
- Hong Kong’s Hang Seng advancing 0.5 percent.
- The S&P 500 gained 0.72 percent.
- The Nasdaq Composite added 0.71 percent.
Currencies
- The euro dropped to a two-week low of $1.1251.
- The dollar edged back to 110.55 yen.
- The pound inched 0.1 percent lower to $1.3185 .
“While dollar/yen hasn’t fallen greatly and things aren’t in panic mode, a sense of caution about where things are going has taken hold,” said Shusuke Yamada, chief Japan currency and equity strategist at Bank Of America Merrill Lynch.
Commodities
Oil prices hovered below their recent four-month peaks, as the prospect of tighter U.S. crude supply was offset by concerns about a slowdown in global economic growth.
- U.S. crude futures traded at $59.26 per barrel.
- Brent futures were up 0.2 percent at $67.37.
Bonds
- The 10-year U.S. Treasury yield edged up to 2.442 percent, having shed 5 basis points on Monday.
Source: Investing.com
