Global Markets: Nasdaq hits record high, oil slips, yields fall

S. 5 143 - * indicates closing price All prices as of 2023 GMT Equities GLOBAL — The Nasdaq hit a record closing high on Monday, lifted by gains in Advanced Micro Devices and other AI heavyweights, while falling oil prices and long-dated Treasury yields also boosted risk sentiment. 02%. For a full report, click on MKTS/GLOB - — - — NEW YORK — The Nasdaq surged to a record-high close on Monday, lifted by gains in Advanced Micro Devices and other AI heavyweights, while Treasury yields retreated from recent highs and crude prices tumbled to an 11-day low on speculation about a potential breakthrough in Middle East talks at a UN meeting this week.

70 points. 83 points. N - — - — LONDON — A rally in heavyweight banks and technology stocks lifted European shares on Monday, while oil prices slumped for the fourth consecutive session, boosting broader risk sentiment. The pan-European STOXX 600 closed 1% higher, marking its biggest one-day jump since July 2.

EU - — - — TOKYO — Japanese stocks rallied on Friday, helped by the weaker yen, which boosts the value of overseas earnings when repatriated into yen. 95. T - — - — SHANGHAI — China and Hong Kong stocks rose on Monday, led by technology and property shares, as investors hoped the US and China would extend a trade truce when presidents Donald Trump and Xi Jinping meet this week. 91 points.

SS - — - — AUSTRALIA — Australian shares were set inch higher at open on Tuesday, buoyed by anticipated gains from heavyweight miners on the back of strong base metal prices, while diplomatic progress in the Gulf kept oil prices below $100 and lifted investor sentiment. 1-point premium to the underlying S&P/ASX 200 index close. The benchmark ended flat on Monday. AX - — - — SEOUL — South Korean shares rose more than 1% on Monday, led by gains in chipmakers after upbeat domestic export data and a rally in US semiconductor stocks in the previous session.

72, its highest closing level since September 10. For a full report, click on KRW/ - — - — Foreign Exchange NEW YORK — The Japanese yen retreated on Monday and was set for its fifth decline in six sessions as investors were attuned to any signs of a possible currency intervention, while the dollar gained as the market assessed the path of US rate hikes. 48 per dollar. For a full report, click on USD/ - — - — SHANGHAI — China's yuan strengthened to more than a 3-1/2-year high against the US dollar on Monday as the central bank softened its curb on currency appreciation ahead of the meeting this week between the leaders of China and the US.

6950 per dollar, the strongest level since January 16, 2023. For a full report, click on CNY/ - — - — AUSTRALIA — The Australian dollar steadied on Monday after two weeks of losses as a hawkish turn in the US rate outlook cooled its recent rally, though it remained near multi-year highs on the kiwi and euro with another rate hike at home all but locked in. 6% lower. For a full report, click on AUD/ - — - — SEOUL — The South Korean won strengthened against the dollar on Monday.

5. For a full report, click on KRW/ - — - — Treasuries NEW YORK — The benchmark US 10-year yield fell on Monday as oil prices dropped and European bond yields also declined, while the two-year Treasury yield hit a more than two-year high. S. 955%.

For a full report, click on US/ - — - — LONDON — The cost of insuring French government debt against the risk of a default jumped to its highest since March 2020 on Monday, reflecting investor concern about France's long-term finances even as French bonds rebounded after last week's brutal selloff.

Credit default swaps (CDS), a derivative that offers insurance for bondholders, on 5-year French sovereign bonds broke above 45 basis points to its highest since the depths of the COVID crisis, For a full report, click on GVD/EUR - — - — TOKYO — Japanese government bonds (JGB) rose on Friday, with the benchmark 10-year yield declining for a third straight session, as investors positioned their holdings ahead of the central bank's policy decision later in the day. 955%.

For a full report, click on JP/ Commodities Gold Gold prices fell on Monday as expectations of further policy tightening by the US Federal Reserve this year and hawkish signals from other major central banks strengthened the dollar. m. 19 earlier. For a full report, click on GOL/ - — - — Iron Ore Iron ore futures nudged higher on Monday, supported by expectations that Chinese steel mills will increase raw material purchases ahead of the Golden Week holiday, although gains were capped by higher port inventories.

79) a metric ton. For a full report, click on IRONORE/ - — - — Base Metals Copper prices rose for a fifth consecutive session on Monday, edging closer to record highs, as expectations of a seasonal pick-up in demand in the world's biggest consumer China sustained speculative buying. 50 a metric ton by 1612 GMT, after earlier touching $14,774, its highest level since September 10, when it hit a peak of $14,875.

For a full report, click on MET/L - — - — Oil Oil prices eased on Monday to their lowest level in 12 days, as investors hoped for diplomatic progress on the Iran war due to this week's United Nations meeting and eyed a partial recovery in shipments from Saudi Arabia. 4%. For a full report, click on O/R - — - — Palm Oil Malaysian palm oil futures extended losses for a second straight session on Monday, as a firmer ringgit, softer crude oil prices and sluggish exports dampened sentiment. 90) a metric ton at the close.

For a full report, click on POI/ - — - — Rubber Japanese rubber futures rose for a third straight session on Friday, supported by a weaker yen and a rally in Tokyo equities, though the contract posted a weekly decline as oil prices fell. 74) per kg. For a full report, click on RUB/T - — - — (Bengaluru Bureau; +91 80 6749 1130)