DJIA26935.07
LIVE-159.72(-0.59%)
NDX7823.55
LIVE-78.24(-0.99%)

Asian Stocks Slip, Yields Rise, Oil Climbs on Iran


Wednesday, 9 May 2018 08:47 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


asian135.jpg

Asian stocks slipped and crude oil climbed past $70 in New York after President Donald Trump scrapped the nuclear deal with Iran. Treasury yields advanced toward 3 percent, helping stoke gains in the dollar against the yen.

Equity benchmarks in Japan and South Korea dipped, though rose in Australia after that country’s government announced tax cuts. Futures in Hong Kong fell. The S&P 500 Index pared losses to close flat and U.S. futures were little changed. West Texas crude rose after a volatile trading session Tuesday as traders digested what the Iran move means for energy supplies. The greenback rose for a fourth session.

The MSCI Asia Pacific Index fell 0.3 percent as of 10:11 a.m. Tokyo time. Kospi index fell 0.1 percent. Australia’s S&P/ASX 200 Index rose 0.3 percent.

Concern about an increase in geopolitical tension is weighing on global sentiment at the same time as concerns spread over the implications of higher Treasury yields and a stronger dollar. Sanctions on Iran could potentially disrupt supplies from OPEC’s third-largest producer and open an uncertain new chapter for the Middle East.

Source: Bloomberg


RELATED NEWS

  • Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 3...
  • Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average f...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.