Global stocks ease, gold climbs 1% and Brent crude slips
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
S. 00 * indicates closing price All prices as of 2025 GMT Equities GLOBAL — Bond yields extended their recent rise and major stock indexes eased on Tuesday, although technology shares gained amid optimism over AI lab Anthropic's plans for a public debut. 70. For a full report, click on MKTS/GLOB - — - — NEW YORK — US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates.
54. N - — - — LONDON — European shares closed lower on Tuesday as higher bond yields dampened risk appetite, outweighing gains in technology stocks that rose on the back of renewed AI optimism. 1% lower. EU - — - — TOKYO — Japan's Nikkei share gauge fell for a second straight session on Tuesday as a global surge in bond yields and rising oil prices weighed on sentiment.
27. T - — - — SHANGHAI — China stocks closed slightly up on Tuesday, after the country's cabinet pledged to step up counter-cyclical policy support to address rising economic strains, though trading remained thin ahead of an upcoming holiday. Hong Kong shares fell. 2%.
SS - — - — AUSTRALIA — Australian shares were poised to open lower on Wednesday, likely pressured by weakness in mining and energy stocks, while investors awaited domestic inflation data due later in the day. 3-point premium to the underlying S&P/ASX 200 index close. 3% in the previous session. AX - — - — SEOUL — South Korean shares fell for a second straight session on Tuesday, weighed by concerns over high bond yields, while investors stood on the sidelines ahead of major events that could provide clues on AI chip demand.
81. For a full report, click on KRW/ - — - — Foreign Exchange NEW YORK — The dollar rose against major currencies on Tuesday as investors positioned for economic data that could offer clues on the Federal Reserve's interest-rate path, with Treasury yields hovering near multi-year highs. 39, hitting its highest level since July 28. For a full report, click on USD/ - — - — SHANGHAI — The Chinese yuan strengthened against the US dollar on Tuesday, as exporters ramped up conversion of their dollar holdings into the local currency ahead of the National Day holiday, offsetting pressure from a firm greenback that hovered near a two-month high.
7057 as of 0245 GMT. For a full report, click on CNY/ - — - — AUSTRALIA — The Australian dollar slipped on Tuesday after the country's central bank lifted interest rates to a 15-year peak as expected and left the door open to further hikes, yet still managed to underwhelm a very hawkish market. 6993. For a full report, click on AUD/ - — - — SEOUL — The South Korean won strengthened against the dollar on Tuesday.
7 per dollar on the onshore settlement platform. For a full report, click on KRW/ - — - — Treasuries NEW YORK — The yield on rate-sensitive US 2-year Treasuries fell on Tuesday after Federal Reserve Bank of New York President John Williams said he thought the US central bank has time to weigh economic data before deciding when to hike interest rates again. 255%. For a full report, click on US/ - — - — LONDON — A selloff in euro zone bonds paused on Tuesday, although yields remain near their highest in years as robust growth and elevated energy costs are expected to push up global interest rates.
6%. For a full report, click on GVD/EUR - — - — TOKYO — Japanese government bond (JGB) yields held near multi-decade highs on Tuesday as inflation pressures mounted, gaining little relief from a strong auction of super-long-term debt. 090%. For a full report, click on JP/ Commodities GOLD — Gold climbed 1% on Tuesday, recovering from a more than seven-week low hit in the previous session, but remained below its 100 day-moving average as concerns about inflation reinforced expectations of tighter monetary policy by the Federal Reserve.
m. ET (1600 GMT). For a full report, click on GOL/ - — - — IRON ORE — Iron ore futures fell for a third straight session on Tuesday, weighed down by rising port arrivals and persistently weak steel demand as the market heads into China's National Day holidays. 26) a metric ton.
For a full report, click on IRONORE/ - — - — BASE METALS — Copper steadied on Tuesday as the prospect of a mining strike in top producer Chile offset concerns that a strong dollar and elevated oil prices will hurt demand, while aluminium sank to a more than one-month low. 1% at $14,450 per metric ton, as of 1600 GMT. 5% lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East, although prices headed for monthly gains on lingering concern about supply disruptions during the US-Israeli war on Iran. 59 a barrel.
For a full report, click on O/R - — - — PALM OIL — Malaysian palm oil futures fell to their lowest closing level in 10 weeks on Tuesday, as weakness in rival Dalian vegetable oils and market expectations of rising inventory in September weighed. 66) a metric ton at closing. For a full report, click on POI/ - — - — RUBBER — Japanese rubber futures edged lower on Tuesday, weighed down by profit-taking after last week's rally and falling tyre demand as Chinese manufacturers halted production for scheduled inspections and the upcoming holidays. 82) per kg.
For a full report, click on RUB/T - — - — (Bengaluru Bureau; +91 80 6749 1130) (Bengaluru Bureau; +91 80 6749 1130)