Business Maverick: Asian stocks fall as yields surge with rate hikes: markets wrap

Equities fell on Friday in Hong Kong, Australia and South Korea after the S&P 500 closed at the lowest level since June. US futures fluctuated.

There is no trading of cash Treasuries in Asian hours with markets closed in Japan for Autumnal Equinox Day. Japan’s intervention hasn’t addressed the underlying cause of yen weakness – the yawning gap between Japan’s ultra-loose monetary policy and rising rates in other countries – leaving the currency vulnerable.

“We see this new even-higher-for-longer rate path as associated with a substantially higher likelihood of a hard landing, and so not just unambiguously hawkish but unambiguously bad for risk,” said Krishna Guha, vice chairman of Evercore ISI.

South Africa Latest News, South Africa Headlines

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

Business Maverick: Tech Rout Hits Stocks as Hike Frenzy Boosts Yields: Markets WrapStocks dropped and bond yields hit multiyear highs after a slew of global central banks joined the Federal Reserve in hiking interest rates to curb scorching levels of inflation at the expense of economic growth.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Stocks Bounce as Yields Drop in Countdown to Fed: Markets WrapStocks bounced back as Treasury yields halted their surge, with traders awaiting to hear the Federal Reserve’s policy decision and its “dot plot” of economic projections that’s expected to show a push to hold rates higher for longer.
Source: dailymaverick - 🏆 3. / 84 Read more »

Global shares fall close to lowest in two yearsEurope’s major stocks markets fell more than 1% before they found support Greatest trader of all time JamesAlderson0 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again JamesAlderson0 Couple of months ago I came across a recommendation about blakescott462 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Source: BDliveSA - 🏆 12. / 63 Read more »

Fed sees another 1.25% rate increase this year[ICYMI] On MoneywebNOW podcast with SimonPB, Investec's Tertia Jacobs will focus on up-coming SARB decision. Perpetua_Invest's Lonwabo Maqubela to share investable construction stocks on the JSE. Download the podcast below. Moneyweb InterestRate Greatest trader of all time JamesAlderson0 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again JamesAlderson0
Source: Moneyweb - 🏆 5. / 77 Read more »

Business Maverick: Asian stocks fall as yields surge with rate hikes: markets wrapStocks in Asia headed for a sixth weekly decline following another day of losses for US shares and surging Treasury yields that underscore expectations for tighter monetary policy and a slowing global economy.
Source: dailymaverick - 🏆 3. / 84 Read more »