On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Asian stock markets head south amid leaping revenues of government bonds
On Wednesday, the stock markets of the Asia-Pacific region slumped following the abrupt dive in American stock indices on the eve of the ascend in the yield of 10-year American Treasuries to more than 3% for the first time since 2014, as the Financial Times informed.
On Wednesday, during Asian trade, the revenue of 10-year American government bonds held about 3%, while the yield of similar-maturing Japanese securities tacked on by 1 basis point, getting to 0.054%.
The consolidated stock index of the region MSCI Asia Pacific went down by about 0.5%.
The Japanese Nikkei 225 dropped by 0.3%, the South Korean KOSPI lost by 1%.
The Hong Kong indicator Hang Seng went down 1%, Chinese Shanghai Composite slumped 0.4%. Additionally, Taiwan's Taiex went down by 0.2%.
Australian exchanges are unavailable on Wednesday due to the state holiday.
Meanwhile, the price of aluminum keeps diving for the fifth consecutive session. Apparently, such a long a fall has not been observed for about a year. During electronic trading on LME, aluminum for delivery in three months dived by 0.6%, to $ 2213 per ton. The decline in the previous two sessions accounted for 9.8% and it turned to be the most significant sink since June 1988.
The market value of oil and gas companies in Asia is going down after the fall in crude prices on Tuesday by more than 1.1%.
Quotes of shares of the Japanese steelmaking company Kobe Steel inched down by 4.7%. Kobe Steel reported that it is under investigation in Japan because of falsification of data on the quality of products.
The price of securities of the Japanese pharmaceutical company Takeda Pharmaceutical slumped by 9% due to a new, increased offer to buy Shire, which the Irish company is willing to accept.
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.