Stocks in Asia were mostly lower in Wednesday afternoon trade as increasing tensions between the U.S. and China weighed on investor sentiment. The Nikkei 225 in Japan slipped 0.61% in afternoon trade, as shares of index heavyweights Fast Retailing and Softbank Group declined more than 1% each. The Topix index also fell nearly 0.6%.
In Australia, the ASX 200 shed 0.83% as almost all the sectors trade. The moves on Wall Street came as the 10-year Treasury note yield fell to its lowest level since September 2017 before rebounding to about 2.26%. A portion of the yield curve further inverted as 3-month Treasury bills yielded 2.36%, well above the 10-year rate. The phenomenon, known as a yield curve inversion, is seen by traders as a potential sign that a recession may be on the horizon.
Visit Dollar Advisory
Call Us: +91 91111-79961
No comments:
Post a Comment