Korean and Japanese stocks sink as U.S. 10-year Treasury yield notches 16-year high
Publishing timestamp: 2023-10-04 03:06:33
Summary
The article discusses the weakness in Asia-Pacific markets, with Korean and Japanese stocks dropping due to the U.S. 10-year Treasury yield hitting its highest level in 16 years. It also mentions the losses in U.S. markets and the tightening spread between 2-year and 10-year Treasury yields as a potential recession warning. Other topics covered include the performance of specific stocks, the use of "green" electricity, and the sell-off in gold.
Sentiment: NEGATIVE
Tickers: TSLA, .SPX, .SETI, .IXIC, .N225, .KS11, .NZ50, .HSI, US10Y, US30Y, .AXJO, .DJI,
Keywords: nikkei 225 index, world markets, business news, u.s. 10 year treasury, united states, chicago, australia, government debt, u.s. 30 year treasury, breaking news: markets, osaka, economic events, kospi index, markets, japan,
Source: https://www.cnbc.com/2023/10/04/asia-pacific-stocks-rbnz-interest-rate-10-year-treasury-yield.html