Hong Kong stocks tumble 3%, Asia continues Wall Street's sell-off; Bank of Japan holds rates
Publishing timestamp: 2023-03-10 02:12:25
Summary
Stocks in Asia-Pacific dipped as investors await the February non-farm payrolls report from the US. The Hang Seng index in Hong Kong fell 3.09%, while the S&P/ASX 200 tumbled 2.28%. The Bank of Japan held its interest rates at -0.1%, and Japan's parliament approved Kazuo Ueda as the next Bank of Japan governor. Bitcoin dipped below the $20,000 mark for the first time since mid-January. Bond yields are surging, making it harder to find stocks that can compete on a yield basis. The Bank of Japan is unlikely to make any changes to its monetary policy in the upcoming meeting. The four biggest US banks, JPMorgan, Bank of America, Wells Fargo, and Citigroup, are all underperforming the broader market. Initial jobs claims hit 211,000 for the week ended March 4, the highest level of the year and since Dec. 24.
Sentiment: NEGATIVE
Tickers: 9618-HK, .WORLD, AUD=, .KS11, .N225, BAC, JPY=, 175-HK, .AXJO, .SSEC, JP10Y-JP, WFC, C, KRW=, @LCO.1, @CL.1, .SZI, JPM, US2Y, TSM, .DXY, .HSI,
Keywords: kospi index, australia, hang seng index, ice brent crude (apr'23), breaking news: asia, xi jinping, united states, japan, china, usd/jpy, wti crude (mar'23), south korea, dxy us dollar currency index, economic events, markets, shenzhen component index, breaking news: markets, nikkei 225 index, s&p/asx 200, world markets, japan 10 year treasury, business news, shanghai, australian dollar/us dollar fx spot rate, asia economy,
Source: https://www.cnbc.com/2023/03/10/asia-pacific-markets.html