Asia stocks mixed as investors grapple with higher rates

HONG KONG : Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.

On Tuesday, Wall Street's major stock indexes followed Asian and European equities lower as investors continued to digest last week's indication from the Federal Reserve that it would keep rates higher for longer than investors had previously expected. In currencies, the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, advanced 0.085 per cent to 106.3, after hitting 106.21 on Tuesday, the highest since Nov. 30. The European single currency was down 0.1 per cent on the day at $1.0564, having lost 2.56 per cent in a month.

"USD/JPY traded in a fairly narrow range overnight and is currently trading just above 149. Higher U.S. Treasury yields and recent dovish comments from Bank of Japan officials have weighed on USD/JPY," CBA analysts said in a note."We see a high risk the BoJ intervenes soon to prop up the JPY."

Source: News Formal (newsformal.com)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong band The Wynners to hold farewell concert in Singapore on Dec 17The band announced in August that they will be disbanding officially. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »

Hong Kong crypto firm hit by $200 million hackLONDON : Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday.Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network's cloud service provider was 'attacked by hackers, resulting in the loss of
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Netizen strikes 4D after betting on Charmaine Sheh’s BMW license plate number in upcoming dramaThe Hong Kong actress was filming in Malaysia when the netizen chanced upon her.
Source: TODAYonline - 🏆 1. / 99 Read more »

Head of Hong Kong journalists' group sentenced to jail for obstructing policeHONG KONG: The head of Hong Kong's leading journalists group was sentenced on Monday (Sep 25) to five days in jail for obstructing police officers in September last year after a case seen by some critics as a further blow to media freedoms in the financial hub. Ronson Chan, chairman of the Hong Kong Journa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China's Tuhu Car shares unchanged from issue price in Hong Kong debutSYDNEY :Tuhu Car's shares opened unchanged from their HK$28 ($3.58) issue price as the Chinese car maintenance firm started trading on the Hong Kong Stock Exchange on Tuesday.The company raised $152 million in its initial public offering by pricing its shares at the low end of the range flagged to investors l
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong band The Wynners want to go out on top after 50 yearsTheir 50th anniversary concert tour includes a stop in Singapore on Dec 17. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »