Asia Morning Call-Global Markets (updated)

Microsoft

Wed 20:33

Oct 29 (Reuters) - 
Stock Markets

Net Chng
Stock Markets

Net Chng
S&P/ASX 200**
8,847.30
−2.80
NZX 50**
13,691.33
11.06
DJIA
52,475.10
97.53
NIKKEI**
63,954.19
685.82
Nasdaq
26,549.85
72.04
FTSE**
10,694.50
7.96
S&P 500
7,743.98
21.38
Hang Seng**
23,094.83
53.51
SPI 200 Fut
8,881.0
-3.0
STI**
5,397.91
0.88
SSEC**
3,681.47
33.17
KOSPI**
6,012.44
374.10
 ----------------------------------------------------------------------------------------
Bonds


Bonds


JP 10 YR Bond
2.8260
0.0010
KR 10 YR Bond
4.106
0.064
AU 10 YR Bond
5.2010
-0.0190
US 10 YR Bond
5.0279
0.0391
NZ 10 YR Bond
4.9750
0.0150
US 30 YR Bond
5.3566
0.0516

 ----------------------------------------------------------------------------------------    
Currencies





SGD US$
1.2812
-0.0002
KRW US$
1,341.550
15.28
AUD US$
0.7057
0.00319
NZD US$
0.5625
-0.0055
EUR US$
1.1157
0.0035
Yen US$
157.8800
-0.06
THB US$
33.6800
-0.09
PHP US$
63.9100
0.049
IDR US$
18,175
30
INR US$
95.2200
0.105
MYR US$
4.0740
-0.013
TWD US$
32.4180
-0.034
CNY US$
6.6660
-0.001
HKD US$
7.8451
0.0006

 ----------------------------------------------------------------------------------------     
Commodities





Spot Gold
4,039.39 
-5.15
Silver (Lon)
53.58 
-0.13
U.S. Gold Fut
4,084.07
29.97
Brent Crude
113.67
-0.16
Iron Ore
672
8
TRJCRB Index
-
-
TOCOM Rubber
446.6
0.1
LME Copper
14,479 
-8.5
-----------------------------------------------------------------------------------------  
All prices as of 2020 GMT
EQUITIES
GLOBAL - Global stocks and major Wall Street indexes held gains on Wednesday after the Federal Reserve held interest rates steady, as expected, and traders awaited earnings from two titans of the AI buildout, Microsoft MSFT.O and Alphabet GOOGL.O.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 2.46 points, or 0.22%, to 1,132.20.
For a full report, click on MKTS/GLOB
- - - -
NEW YORK - US stock indexes advanced on Wednesday after the US Federal Reserve left its key policy rate unchanged, as widely expected, shifting the probability of a rate hike to its next monetary policy meeting in December.
According to preliminary data, the S&P 500 .SPX gained 25.43 points, or 0.33%, to end at 7,748.03 points, while the Nasdaq Composite .IXIC gained 83.42 points, or 0.32%, to 26,561.24. The Dow Jones Industrial Average .DJI rose 126.21 points, or 0.24%, to 52,503.78.
For a full report, click on .N
- - - -
LONDON - European shares w ere subdued on Wednesday after several disappointing earnings reports, coupled with higher oil prices, exacerbated investor unease ahead of a rate decision from the central bank.
The pan-European STOXX 600 index .STOXX rose 0.07% to 644.14 points.
For a full report, click on .EU
- - - -
TOKYO - Japan's Nikkei share gauge rose on Wednesday, helped by strong earnings from SK Hynix and renewed optimism in the AI sector.
The benchmark tech-heavy Nikkei 225 .N225 advanced 1.08% to close at 63,954.19, gaining for a second straight day.
For a full report, click on .T
- - - -
SHANGHAI - China and Hong Kong stocks snapped a two-day slide on Wednesday, as AI-related shares tracked a broader rally across Asian markets following chipmaker SK Hynix's upbeat earnings.
At the close, China's blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC were up 0.9%.
For a full report, click on .SS
- - - -
AUSTRALIA - Australian shares were set to inch higher on Thursday, driven by likely gains in heavyweight miners and energy stocks from firmer iron ore prices, despite a hot inflation print reaffirming expectations of a central bank tightening next week.

The local share price index futures YAPcm1 rose 0.2%, a 33.7-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended flat on Wednesday.
For a full report, click on .AX
- - - -
SEOUL - South Korean shares rallied more than 6% on Wednesday and posted their biggest jump in three months, as chipmakers surged after SK Hynix's higher-than-expected third-quarter results reassured investors that AI demand remained robust.

The benchmark KOSPI .KS11 closed up 374.10 points, or 6.63%, at 6,012.44, marking its biggest daily percentage rise since July 31.
For a full report, click on KRW/
- - - -
FOREIGN EXCHANGE
NEW YORK - The US dollar was mostly flat against major currencies on Wednesday after the Fed delivered an expected rate decision, while the New Zealand dollar fell sharply after the country's central bank surprisingly left interest rates unchanged.
The dollar index =USD, which measures the greenback's strength against a basket of six other currencies, was flat at 102.36.
For a full report, click on USD/
- - - -
CHINA - China's yuan was little changed against the US dollar on Wednesday as traders awaited the Federal Reserve's policy decision for clues on the near-term interest rate outlook.
The yuan CNY=CFXS was 0.01% lower at 6.6675 to the dollar as of 0322 GMT, after trading in a range of 6.6667 to 6.6701.
For a full report, click on CNY/
- - - -
AUSTRALIA - The New Zealand dollar tumbled and bonds surged on Wednesday after the country's central bank stunned markets by skipping a chance to raise interest rates, though it signalled further tightening would come at some point.
For a full report, click on AUD/
- - - -
SEOUL - Korean won weakens against dollar.

The won was quoted at 1,337.7 per dollar on the onshore settlement platform KRW=KFTC, 0.78% lower than its previous close at 1,327.2.
For a full report, click on KRW/
- - - -
TREASURIES
NEW YORK - US Treasury yields briefly extended their move higher on Wednesday after the Federal Reserve held interest rates steady, as expected, with policymakers choosing to delay changes to borrowing costs before the November US midterm elections.

The yield on the benchmark US 10-year Treasury note US10YT=RR was last up 4.3 basis points at 5.036%.
For a full report, click on US/
- - - -
LONDON - Euro zone bond yields rose on Wednesday, with those on French government bonds climbing more sharply than elsewhere, as fresh supply concerns drove oil prices higher again and a slew of central bank decisions came into focus.
German 10-year government bond yields, the benchmark for the euro zone, were up almost one basis point to 3.3635%. DE10YT=RR
For a full report, click on GVD/EUR
- - - -
TOKYO - Japanese government bond (JGB) yields rose on Wednesday, as a rebound in AI-related shares reduced haven demand and investors positioned ahead of the Bank of Japan 's policy meeting this week.
The benchmark 10-year JGB yield JP10YTN=JBTC climbed 2 basis points (bps) to 2.805%, rising for a second straight session.
For a full report, click on JP/
- - - -
COMMODITIES
GOLD - Gold was subdued on Wednesday as higher oil prices weighed, while market participants awaited the US Federal Reserve's policy decision and comments from Chair Kevin Warsh for clues on the path of interest rates.
Spot gold XAU= edged 0.3% lower to $4,044.54 per ounce by 11:46 a.m. EDT (1546 GMT).
For a full report, click on GOL/
- - - -
IRON ORE - Iron ore futures r ose on Wednesday, as a resumption in mill production balanced out expectations of greater supply pressure from a pickup in port arrivals.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 traded 1.05% higher at 672 yuan ($100.81) a metric ton.
For a full report, click on IRONORE/
- - - -
BASE METALS - Zinc prices climbed for a fourth session to hit their strongest level in nearly a month on Wednesday, amid worries about mine supply and shortages outside China.
Among other metals, LME copper CMCU3 was little changed at $14,479 a ton, lead CMPB3 slid 1.8% to $1,898 and tin CMSN3 dropped 1% to $50,970.
For a full report, click on MET/L
- - - -
OIL - Oil prices edged up about 1% on Wednesday on renewed concerns about additional energy supply disruptions in the Middle East due to continued fighting in Yemen, an attack on a refinery in Saudi Arabia and worries the US could strike Iran after next week's US midterm elections.
Brent futures LCOc1 rose $1.44, or 1%, to settle at $115.32 per barrel, while US West Texas Intermediate crude CLc1 rose $2.88, or 3%, to settle at $102.78.
For a full report, click on O/R
- - - -
PALM OIL - Malaysian palm oil futures gave up early gains to close lower on Wednesday, their third consecutive daily loss, despite strong export demand ahead of Diwali festive-season buying in India.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange fell 14 ringgit, or 0.3%, to 4,687 ringgit ($1,149.90) a metric ton at the close.
For a full report, click on POI/
- - - -
RUBBER - Japanese rubber futures t raded in a tight range on Wednesday, with early gains fading on weak downstream demand even as oil prices rebounded and Tokyo equities jumped.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: was l ittle changed at 446.6 yen ($2.83) per kg
For a full report, click on RUB/T
- - - -

 (Bengaluru Bureau; +91 80 6749 1130)