BEIJING (AP) – Asian stock markets fell on Tuesday as Wall Street rose after a wave of investor worries erupted with possible higher interest rates.
Tokyo, Shanghai, Hong Kong and Sydney fell. Seoul moved on.
Overnight, the Wall Street S&P 500 rose 2.4%, recovering most of last week’s losses.
This happened after the weakening of the sale of US Treasury bonds. It helped alleviate investor fears that the price of borrowing could rise, putting pressure on the US economy to recover.
“Asian markets seem to be breathing down this morning, leading global capital recovery yesterday,” said Jeffrey Hall, Oanda from Oanda.
Also on Tuesday, the Bank of Australia left its policy unchanged at its March meeting.
At the same time, Japan Aponia announced that despite the state of emergency, unemployment had risen to cope with new outbreaks of coronavirus, և South Korea reported higher factory output.
The Shanghai Composite Index lost 1.5% to 3,497.78 and the Tokyo Nikkei 225 fell 0.9% to 29,384.85. Hang Seng in Hong Kong fell 1.5% to 29,020.46.
After the government reported that the plant’s production increased by more than 7.5%, Seoul Cospin increased by 0.4% in January to 3,024.16%, compared to 2.5% in December.
The S & P-ASX 200 traded up 0.4% in Sydney at 6,762.30. India’s Sensex was up 0.4% at 50,021.56 points. New landland անդ ել South Asian markets have risen.
The S&P 500 on Wall Street had its biggest one-day gain since June 5 at 3,901.82. The Dow Jones Industrial Average gained 2% to 31,535.51. Nasdaq composite rose 3% to 13,588.83.
The 10-year treasury yield, or the difference between the market price և payment, payment if the investor maintains it until maturity, fell 1.43% after reaching its highest level in more than a year last week.
Shares fell in late February as the rapid rise in bond yields, driven by falling market prices, fueled concerns about higher inflation. The yield on the 10-year treasury bill rose to 1.5%. It was 1.41% on Tuesday.
Bond yields affect interest rates on mortgages and other borrowings.
They have risen as investors bet on efforts to boost coronavirus vaccines to boost economic growth. It has fueled inflation concerns, encouraged investors to move money out of bonds, move stocks, other assets that work better when consumer prices rise.
Investors are looking for more information on US economic forecasts when Federal Reserve officials address this week. Lighter monetary advocate Lael Brainard will deliver a monetary policy speech on Tuesday, followed by Fed Fed Jerome Powell on Thursday.
They are following in the footsteps of Washington after the House of Representatives approved President Biden’s $ 1.9 trillion bailout package and sent it to the Senate early Saturday. It includes lump sum payments to the public և aid to struggling businesses: local government.
Johnson & Johnson grew by 0.5% after the Food and Drug Administration approved the company’s coronavirus vaccine, which does not require extreme cold freezing, as developed by Moderna և Pfizer.
US crude fell 79 cents to $ 59.85 a barrel on the New York Mercantile Exchange. The contract sank 86 cents to $ 60.64 on Monday. Brent crude for London crude fell 81 cents to $ 62.88 a barrel in London. In the previous session, it fell by 73 cents to $ 63.69 per barrel.
The dollar rose to 106.85 yen from 106.81 yen on Monday. The euro fell from $ 1.2047 to $ 1.2021.