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Asian Shares Are Mixed and Crude Prices Fall After an Unsettled Day on Wall St
Bond yields near multi-year highs and losses in Nvidia, Broadcom and Micron Technology weighed on markets, even as PepsiCo rose 3.7%, analysts said.
- Asian shares were mixed on Friday in holiday-thinned trading, while Brent crude oil fell 1% to $103.28 a barrel as markets in South Korea and Taiwan remained closed.
- Treasury bond yields retreated after the government sold $22 billion in 30-year Treasury bonds at an auction with a high yield of less than 5.62%. The 10-year Treasury yield initially rose to 5.35% before falling back to 5.23%.
- Equities fell 0.5% as drops for influential technology stocks overshadowed gains. Broadcom lost 4.3%, Micron Technology slumped 4.8%, and Nvidia fell 2.9%, weighing heavily on the broader market.
- Brent crude prices veered after President Donald Trump said "productive discussions" are happening with Iran, signaling the U.S. military would not attack before November elections. Prices had previously pinballed between $96 and nearly $110.
- The federal deficit climbed to nearly $2 trillion in the fiscal year ending Sept. 30, while China is due to release its latest economic growth figures next week, potentially reshaping market sentiment.
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Asian shares are mixed and crude prices fall after an unsettled day on
Asian shares were mixed Friday in holiday-thinned trading, while oil prices fell back from recent gains. U.S. futures edged higher. In Tokyo, the Nikkei 225 lost 0.8% to 68,512.30. The Shanghai Composite index lost 1.4% to 3,758.47,
·Baltimore, United States
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Total News Sources15
Leaning Left7Leaning Right2Center6Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 40%
13%
Factuality
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