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Market move● Neutral for Indian equities
Bond Selloff Fades as Oil Cools, Lifting Stocks: Markets Wrap
- Asian shares trade mixed as oil prices rise amid Iran war uncertainty
- Global Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concerns
- Global Market: Japan’s Nikkei slips after early gains as Nasdaq futures weaken
- Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide
- Japan Could Redraw the Global Oil Map
Rising US Treasury yields and market pressure
US Treasury yields climbed to multiyear highs, with the 30-year yield above 5.53% and the 10-year at a 19-year high. Reports cited sticky inflation, heavy bond issuance and rising oil prices, while warning of pressure on US and Indian stocks, valuations and capital inflows.
Friday, 25 September
- Bond Selloff Fades as Oil Cools, Lifting Stocks: Markets Wrap