Hong Kong’s Stocks Fall as Surging Bond Yields, Higher Oil Prices Weigh
5 Articles
5 Articles
Asian Share Market Crash: Indian stock markets were closed on Friday for Gandhi Jayanti, but investor concerns were evident during trading in Asian markets. Hong Kong's Hang Seng fell nearly 3 percent to an 11-week low, while Japan's Nikkei and Topix also declined.
Why Is Hong Kong Taking the Hardest Hit From the US Yield Surge?
Hong Kong's Hang Seng Index fell as much as 3% on Friday, its steepest intraday drop since March 23. The dollar peg carried the US yield surge straight into the city. Higher rates usually help bank margins, yet financials led the selloff. HSBC Holdings shares fell as much as 5.7%. Why Does the US...
A mixed picture prevails in Asian markets, with sharp fluctuations in bond and currency markets intensifying investor nervousness, while in
Asian stock markets fell on Friday after sharp movements in global interest rate and currency markets. Hong Kong led the decline, while oil above $100 and higher Japanese inflation kept interest rate volatility intact.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
