Asia Shares Downbeat on the Week as Bond Yields, Oil Stay High
Rising Treasury yields and oil prices kept inflation fears high, while the Nikkei fell 0.8% and Asia-Pacific shares were set for weekly declines.
- Most Asian share indices headed for weekly losses on Friday as global bond market stress persisted and a diplomatic deadlock in the Gulf lifted oil prices to one-month highs, keeping inflation risks to the fore.
- U.S. Treasury yields resumed their climb after Wednesday's surprise intervention by Treasury brought barely a day of relief from selling. Analysts doubt Treasury Secretary Scott Bessent can curb a budget deficit exceeding 6% of GDP, with interest charges hitting $1.2 trillion this year.
- Investors nudged 30-year bond yields back up to 5.25%, while the 10-year hit 4.71%. Walmart shares slid 9% on Thursday after a sales miss, and Brent crude remained up more than 5% for the week amid Strait of Hormuz tensions.
- Bessent expanded on President Donald Trump's pledge of economic warfare against Iran, saying the U.S. would impose "the toughest sanctions in history" on the country. Markets react to a resurgent "debasement" narrative pressuring the dollar amid record debt concerns.
- The entire AI trade faces a significant hurdle next week when Nvidia reports earnings, with substantial market attention riding on the company's outlook for infrastructure demand and data center revenue.
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Asian Stocks Head for Weekly Losses as Bond Yields Rise and Oil Prices Surge
Asian stocks were on course for weekly losses on Friday as renewed selling in global bond markets pushed government borrowing costs higher, while rising oil ... The post Asian Stocks Head for Weekly Losses as Bond Yields Rise and Oil Prices Surge first appeared on [your]NEWS.
Asian markets trade mixed after Wall Street dip; oil tops $86 and Aug
Asian stock markets traded mixed on Friday, tracking overnight losses on Wall Street as rising oil prices fueled inflation concerns and investors weighed U.S. Treasury borrowing plans. Meanwhile, U.S. index futures hovered near weekly lows; S&P 500
Global Market: Nikkei slips as rising oil prices, bond yields weigh on Japanese stocks
Japan’s Nikkei fell on Friday and was headed for its steepest weekly decline in more than a month as rising oil prices, higher bond yields and uncertainty over the Middle East conflict weighed on investor sentiment. The Nikkei was set for a 4% weekly loss, while the Topix was headed for a 3.4% decline, with energy prices adding to inflation concerns.
Asia shares downbeat on the week as bond yields, oil stay high
By Wayne Cole SYDNEY, Aug 21 (Reuters) – Most Asian share indices were heading for weekly falls on Friday as stress in global bond markets showed little sign of abating, while a diplomatic deadlock in the Gulf lifted oil prices to one-month highs and kept inflation risks to the fore. Yields on U.S. Treasuries had resumed their climb after Wednesday’s surprise intervention by Treasury brought barely a day of relief from selling. The rise came ev…
The announcement of an ‘economic war’ against Iran triggered the price of oil and revived the phantoms of inflation, beating Wall Street and firing U.S. debt rates
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