Global Market: Nikkei falls as oil surge, global bond selloff rattle markets
Higher oil prices and a 19-year high in the 10-year U.S. Treasury yield pushed regional bond markets lower, with most Asian stocks slipping.
- On Tuesday, major Asian indices closed lower as rising oil prices and US Treasury yields stoked inflation concerns, with the benchmark Nikkei 225 sliding 1.23% and the Topix slipping 1.75%.
- President Donald Trump's rejection of Iran's proposal to reopen the Strait of Hormuz on Saturday exacerbated energy supply concerns, pushing Brent crude futures above $107 a barrel on Monday.
- Benchmark 10-year US Treasury yields spiked above 5.27% overnight, marking a 19-year high and nearly 50 basis point jump in September, as rising borrowing costs limit bond recovery potential.
- The Philippine Stock Exchange index dropped 0.64% to 5,788.87 on Tuesday, with decliners outnumbering advancers 128 to 51 and mining stocks sliding 3.25%.
- Nomura Securities equities strategist Wataru Akiyama noted that inflation concerns and rising interest rates are weighing on stocks, with further US Federal Reserve rate hikes expected through mid-2027.
18 Articles
18 Articles
Nikki's Japanese index dropped 1.23 percent to 65070.58 points during today's Tuesday dealings.
Stocks wobble as bonds slump to monthly loss - Regional Media News
By Tom Westbrook SINGAPORE, Sept 29 (Reuters) - Oil prices and bond yields were higher in an uncomfortable combination for Asian equities on Tuesday, as investors braced for an interest rate hike in Australia and an era where short term borrowing costs settle at their [...]
The Economic Times
Times of IndiaGlobal Market: Nikkei falls as oil surge, global bond selloff rattle markets
Japans Nikkei fell 1.23% amid rising global bond yields and oil prices, while Topix declined 1.75%. Inflation concerns, elevated interest rates and expensive AI-linked stocks pressured sentiment. NEXON led losses, while Tokai Carbon gained. Investors remained focused on oil prices, bond yields, monetary policy expectations and ongoing US-Iran developments.
The West Australian
Free Malaysia Today NewsAsian stocks wobble as bonds slump to monthly loss
Bond markets in Japan and South Korea have traded under pressure and most regional equity markets are lower.
Coverage Details
Bias Distribution
- 70% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
