Asian stocks start higher as US bond yields rise

2019-08-19 09:13:03 GMT (Economies.com)
Asian stocks start higher as US bond yields rise

Asian stocks opened higher today as the US Treasury bonds yields rose, rebounding from last week's losses which were the main reason of the mounting concerns about a near US recession during last week, amid market's bets for global central banks to increase stimulus measures to face global risks due to trade protectionism.

 

On Friday, several reports said that the German government is on its way for more stimulus measures to face recession, in addition to the Chinese central bank's decision last Saturday, which is seen as a rate cut to counter slowing growth, in attempts to improve investors' risk appetite.

 

Markets are anticipating by next Thursday the launch of the US Federal Reserve's Jackson Hole Economic Symposium, which will be attended by global central bankers and finance ministers as well as academics and financial market participants from around the world, while on Friday Fed's Chair, Jerome Powell, will deliver a speech titled "Challenges of Monetary Policy".

 

In terms of trading, Japanese stocks saw a rise today, as Topix rose by 0.41% or 6.15 points to 1,491.44, and Nikkei 225 rose by 0.52% or 106.64 points to 20,525.45.

 

Chinese stock also rose, with the CSI 300 rising by 0.69% or 25.61 points to 3,736.15, and the Shanghai Composite rose by 0.69% or 19.62 points to 2,843.44.

 

Hong Kong's Hang Seng rose by 1.78% or 456.99 points to 26,191.21, and South Korea's Kospi rose by 0.55% or 10.51 points to 1,937.68.

 

New Zealand's NZX 50 rose by 0.12% or 13.01 points to 10,668.37, Australia's S&P/ASX 200 Index rose by 0.91% or 58.47 points and reached 6,464.00.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
US
 
Europe
 
Asia