Asia Morning Call-Global Markets (updated)
UPDATE 1-Asia Morning Call-Global Markets Sept 8 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 9010.9 | 5 | NZX 50** | 13942.83 | -31.35 |
DJIA** | 53414.25 | -271.86 | NIKKEI** | 66399.84 | 1378.9 |
Nasdaq** | 26506.99 | -77.07 | FTSE** | 10822.13 | -8.96 |
S&P 500** | 7718.6 | -29.11 | Hang Seng** | 25413.12 | -237.75 |
SPI 200 Fut | 8990 | -7 | STI** | 5792.28 | -9.68 |
SSEC** | 3932.6992 | 2.5828 | KOSPI** | 6995.39 | 308.18 |
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Bonds | Net Chng | Bonds | Net Chng | ||
JP 10 YR Bond | 2.907 | -0.005 | KR 10 YR Bond | 4.378 | 0.017 |
AU 10 YR Bond | 5.219 | 0.023 | US 10 YR Bond | 4.803 | 0.021 |
NZ 10 YR Bond | 4.810 | -0.008 | US 30 YR Bond | 5.246 | 0.003 |
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Currencies | Net Chng | Net Chng | |||
SGD US$ | 1.2660 | 1.2660 | KRW US$ | 1345.35 | 0.8 |
AUD US$ | 0.72160 | 0.00187 | NZD US$ | 0.5876 | -0.0006 |
EUR US$ | 1.1621 | 0.0008 | Yen US$ | 154.34 | -1.9 |
THB US$ | 32.85 | -0.03 | PHP US$ | 62.583 | -0.013 |
IDR US$ | 17630 | 0 | INR US$ | 94.4850 | 0.005 |
MYR US$ | 4.0440 | 0.003 | TWD US$ | 31.552 | -0.078 |
CNY US$ | 6.7110 | +0.0002 | HKD US$ | 7.8397 | -0.001 |
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Commodities | Net Chng | Net Chng | |||
Spot Gold | 4404.67 | -23.0229 | Silver (Lon) | 66.14 | -0.0497 |
U.S. Gold Fut | 4456.4 | -20.2 | Brent Crude | 97.31 | 1.03 |
Iron Ore | CNY 734.5 | 7.5 | TRJCRB Index | - | - |
TOCOM Rubber | JPY 434 | -2.6 | LME Copper | 14494 | 78.5 |
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** indicates closing price
All prices as of 1914 GMT
EQUITIES
GLOBAL - Rising oil prices, conflict in the Middle East and political uncertainty in Europe kept investors on edge on Monday, leaving stocks to drift lower ahead of critical U.S. inflation data later this week.
European stocks .STOXX struggled into positive territory, while on Wall Street, a U.S. holiday kept turnover light with S&P 500 futures ESc1 down 0.2% and Nasdaq futures NQc1 up 0.2%.
For a full report, click on MKTS/GLOB
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NEW YORK - Markets in the United States were closed for a public holiday.
For a full report, click on .N
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LONDON - European shares closed flat on Monday as rising oil prices following renewed U.S.-Iran tensions fuelled inflation worries, offsetting stronger-than-expected euro zone economic data.
The pan-European STOXX 600 .STOXX ended at 649.9 points.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average closed more than 2% higher on Monday, led by chip and AI-linked stocks after gains in U.S. semiconductor shares.
The Nikkei .N225 rose 2.12% to 66,399.84, its highest close since August 28. The broader Topix .TOPX climbed 0.55% to 4,125.8.
For a full report, click on .T
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SHANGHAI - Chinese stocks edged up Monday as technology stocks jumped, offsetting losses in banking and insurance shares following Beijing's capital-injection plan, while broader markets were muted as investors watched developments in China-U.S. relations.
At market close, the Shanghai Composite index .SSEC was up 0.07% at 3,932.70 points, while the blue-chip CSI300 index .CSI300 was up 0.6%.
For a full report, click on .SS
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AUSTRALIA - Australian shares were expected to trade range-bound at open on Monday as surging oil prices fan inflationary concerns and amplify risk-off sentiment among investors, while mining stocks could provide some support on higher metal prices.
The local share price index futures YAPcm1 marginally fell 0.01%, a 15.9-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.5% on Thursday.
For a full report, click on .AX
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SEOUL - South Korean shares rose more than 4% on Monday to notch their highest close since late July, as chipmakers rallied on optimism around strong demand for AI investments.
The benchmark KOSPI .KS11 closed up 308.18 points, or 4.61%, at 6,995.39, its highest closing level since July 23 and the biggest daily percentage rise since August 20.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The yen surged to a seven-month high on Monday as traders reassessed the battered currency's outlook, driven by expectations of faster Bank of Japan policy tightening and growing bets that Japanese investors could repatriate funds.
The dollar fell to as low as 154.05 yen, its weakest level since February, and was last down 1.1% at 154.4. JPY=
For a full report, click on USD/
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CHINA - China's yuan strengthened to a 3-1/2-year high against the dollar on Monday, defying a near-record weak-side gap in the central bank's daily midpoint guidance as demand for the greenback remained subdued.
The yuan CNY=CFXS strengthened to a high of 6.7050 per dollar in early trades, its strongest level since February 2023, before retreating to 6.7125.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar hovered near a four-month peak on Monday as traders eyed two upcoming central bank appearances and U.S. inflation data that could decide if the Antipodean currency's upward trend has further to run.
The Aussie AUD=D3 was steady at $0.7202, having gained 0.6% last week to resume its upward trend from a low of $0.6867 in June.
For a full report, click on AUD/
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SEOUL - The South Korean won strengthened against the U.S. dollar.
The won was quoted at 1,340.5 per dollar on the onshore settlement platform KRW=KFTC, 0.72% higher than its previous close at 1,350.1.
For a full report, click on KRW/
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TREASURIES
NEW YORK - Markets in the United States were closed for a public holiday.
For a full report, click on US/
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LONDON - Euro zone benchmark Bund yields rose on Monday, after two straight daily declines from their highest in more than 15 years, with investors cautious following the Alternative for Germany victory in Saxony-Anhalt and before the European Central Bank policy meeting.
Germany's 10-year bond yield DE10YT=RR was up 4 basis points (bps) at 3.375%. Last week, it hit 3.3951%, the highest since April 2011.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields rose on Monday, rebounding from sharp declines in previous sessions, as investors weighed an upcoming five-year bond auction.
The 10-year JGB yield JP10YTN=JBTC rose 2.5 bps to 2.93%
For a full report, click on JP/
COMMODITIES
GOLD - Gold eased on Monday after Friday's robust U.S. jobs report bolstered expectations for a Federal Reserve interest rate hike this month, while investors awaited key inflation data for further clues on the monetary policy outlook.
Spot gold XAU= was down 0.4% at $4,410.55 per ounce by 01:51 p.m. E.T (1751 GMT).
For a full report, click on GOL/
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IRON ORE - Iron ore prices rose for a third straight session on Monday to hit a multi-week high, supported by elevated freight rates and expectations of restocking by steelmakers ahead of the National Day holiday in top consumer China.
The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade up 1.17% at 734.5 yuan ($109.46) a metric ton, after touching its highest since July 29 at 740 yuan earlier in the session.
For a full report, click on IRONORE/
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BASE METALS - Copper prices hit a record high on Monday as the prospect of shortages outside the U.S. spurred speculative fund buying, while the softer dollar reinforced positive sentiment.
Benchmark copper CMCU3 on the London Metal Exchange touched a record high of $14,533 a metric ton, surpassing an all-time peak of $14,527.50 hit in January, before paring gains slightly to $14,505.50 by 1615 GMT, up 0.6%.
For a full report, click on MET/L
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OIL - Oil prices rose to a six-week high on Monday as Iran vowed to strike energy infrastructure across the Middle East in response to further U.S. attacks on its assets, the latest escalation in a conflict that has sharply reduced oil supply from the region.
Brent crude futures LCOc1 rose $1.03, or 1.1%, to settle at $97.31 a barrel, after hitting their highest point since July 24 at $98.06.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures climbed to a two-week high on Monday, extending gains for a second consecutive session, supported by stronger Dalian palm olein prices.
The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange was up 50 ringgit, or 1.01%, at 4,979 ringgit ($1,231.21) a metric ton, the highest closing price since August 21.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose on Monday after six consecutive sessions of losses, supported by a rally in oil prices and concerns that heavy rain in top producer Thailand could disrupt latex harvesting.
The Osaka Exchange (OSE) rubber contract for February delivery JRUc6, 0#2JRU: was up 8.6 yen, or 2.01%, at 436.6 yen ($2.80) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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Asia Morning Call-Global Markets (updated)
Asia Morning Call-Global Markets (updated)