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Market move▼ Bearish for Indian equities
Asian Markets Today: Nikkei Gains, Kospi Slips As Crude Oil Prices, Treasury Yields Rise
The brief
- MSCI's gauge of Asian stocks declined
- Kospi fell over 1% as markets reopened after a holiday, while Japanese shares advanced
- Higher crude prices and Treasury yields can pressure Indian equities and raise costs for fuel-sensitive sectors
- Yen gains after Japan’s finance minister signals readiness for bold action
- Japan’s falling bond prices stall repatriation rush
- Trump raises yen weakness with Japan’s Takaichi as currency nears 160 per dollar
- Nikkei, TOPIX up over 1% as Japanese indices lead Asian markets despite Wall Street bond rout
- Japan 10-year yield climbs to 1996 high as global rout deepens