Business & Investment

Wall Street: Asian equities are tracking US peers higher.Yen dollar rise

Hong Kong: Asian stocks Going to Friday, warmed up by the embers of a strong day Wall street It also supported risk-friendly currencies and hurt safe havens circleHowever, concerns about the Chinese economy have limited profits.

Oil price It was also testing the new highs for the first time in years, which is a drag on the growth of the North Asian energy import market, which was good news for the Southeast Asian energy export market.

MSCI’s widest non-Japanese Asia Pacific stock index rose 0.6% and the Nikkei Stock Average in Japan rose 1.08%.

US stocks rose overnight after data showed lower unemployment allowance claims, lower-than-expected factory gate price inflation, and better-than-expected results for the four largest consumer banks in the United States.

Asia is unlikely to rival these rises, analysts say, but the Dow Jones Industrial Average rose 1.57%, the S & P 500 rose 1.46%, and the Nasdaq Composite rose 1.68%. Did.

“(US interests) will boost pocket sentiment, but what has recently been seen in Asian markets, especially in mainland China and Hong Kong stocks, is more positive sentiment than regional concerns emerge from the US market. I’ve disabled some. ” Kyle Roda, an analyst at IG Market.

“In my sense, things remain fairly complex and volatile in the Asian market.”

China’s top stocks fell shortly after the bell, but were flat at the end, but Hong Kong’s stocks rose after a day’s break and then retreated flat.

US equity futures S & P 500 e-minis rose 0.15%.

A data dump from China scheduled for Monday came to investors’ minds, with third-quarter GDP figures and monthly investment and activity figures reported, making it the world’s second-largest economy. is.

“Third-quarter GDP growth will slow from 5.6% to 4.6% in the face of repeated COVID outbreaks, given persistent weakness in consumption and services, and the low level of decline in the previous year. I’m expecting it, “a Barclays analyst said in a memo.

On Thursday, China’s September factory-gate inflation hit a record with soaring commodity prices, but sluggish demand curbed consumer inflation, and policymakers helped the economy and boosted producer prices even further. I ended up on a tense path between things.

In the currency market

The yen’s appreciation on Friday rose again for nearly three years, buying 113.89 yen for $ 1, the highest since December 2018.

The dollar index, which measures the greenback against a basket of currencies, was slightly lower that day at 94.00, set to the first weekly decline compared to major peers since the beginning of last month, giving the Sterling and Euro base a bit. I lost it. ..

Benchmark 10-year Treasury yields were 1.5247%, unchanged that day after a downtrend this week from Tuesday’s four-month high of 1.631%.

The Australian dollar took a breather near Friday’s monthly highs, according to CBA analysts, due to the weaker dollar and rising commodity prices.

US crude rose 0.63% to $ 81.82 a barrel, returning to close to Monday’s seven-year high of $ 82.18. Brent crude rose 0.58% to $ 84.50 a barrel, hitting a three-year high on Monday. [O/R]

Bitcoin has also been testing its highs for several months after hitting a five-month high of $ 58,550 on Thursday, trading at around $ 57,100.

Wall Street: Asian equities are tracking US peers higher.Yen dollar rise Wall Street: Asian equities are tracking US peers higher.Yen dollar rise

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