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Asia Morning Call-Global Markets (updated)

UPDATE 1-Asia Morning Call-Global Markets

-

Stock Markets


Net Chng

Stock Markets


Net Chng

S&P/ASX 200**

8819.4

-92

NZX 50**

13711.01

-108.42

DJIA**

52018.69

-361.97

NIKKEI**

65270.95

128.17

Nasdaq**

26089.112

-164.228

FTSE**

10608.92

-61.14

S&P 500**

7592.1

-44.26

Hang Seng**

24954.47

-320.49

SPI 200 Fut

8716

-95

STI**

5689.75

-39.88

SSEC**

3934.4036

-17.1032

KOSPI**

7033.92

-17.72

----------------------------------------------------------------------------------------

Bonds


Net Chng

Bonds


Net Chng

JP 10 YR Bond

2.925

0.015

KR 10 YR Bond

4.452

0.062

AU 10 YR Bond

5.365

0.109

US 10 YR Bond

4.957

0.120

NZ 10 YR Bond

4.905

0.085

US 30 YR Bond

5.363

0.077

----------------------------------------------------------------------------------------

Currencies


Net Chng



Net Chng

SGD US$

1.2677

0.0037

KRW US$

1348.35

8.57

AUD US$

0.71555

-0.0061

NZD US$

0.5794

-0.0044

EUR US$

1.1611

-0.0021

Yen US$

154.32

0.78

THB US$

33.12

0.24

PHP US$

62.587

0.158

IDR US$

17530

30

INR US$

95.4400

0.34

MYR US$

4.0610

-0.007

TWD US$

31.548

0.043

CNY US$

6.7115

0.0044

HKD US$

7.8417

-0.0005

----------------------------------------------------------------------------------------

Commodities


Net Chng



Net Chng

Spot Gold

4,355.85

-58.45

Silver (Lon)

63.6513

-3.6176

U.S. Gold Fut

4,407.30

-51.5

Brent Crude

107.63

6.42

Iron Ore

CNY 730.5

-7.5

TRJCRB Index

-

-

TOCOM Rubber

JPY 434.1

0.2

LME Copper

14182.5

585

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1913 GMT


EQUITIES


GLOBAL - Nervy markets were waiting for key U.S. inflation data on Thursday after the ECB lifted its interest rates for a second time this year and oil held above $100 a barrel following U.S. and Iranian tanker missile strikes in the Strait of Hormuz.

MSCI's gauge of stocks worldwide .MIWD00000PUS was down 0.69%.

For a full report, click on MKTS/GLOB


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NEW YORK - U.S. stocks ended down on Thursday after producer price data for August and surging oil prices stoked worries the Federal Reserve will hike interest rates next week, while climbing Treasury yields made stocks less attractive.

According to preliminary data, the S&P 500 .SPX lost 44.16 points, or 0.58%, to end at 7,592.20 points, while the Nasdaq Composite .IXIC lost 167.15 points, or 0.64%, to 26,086.19. The Dow Jones Industrial Average .DJI fell 313.64 points, or 0.60%, to 52,067.02.

For a full report, click on .N


- - - -


LONDON - European shares fell to two-month lows on Thursday as expectations of further interest rate hikes grew after the European Central Bank increased borrowing costs and warned of higher inflation due to a war-driven energy shock.

The pan-European STOXX 600 .STOXX was down 0.7% at 635.97 points, its lowest level since July 8.

For a full report, click on .EU


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TOKYO - Japan's Nikkei share average recovered from early losses to end slightly higher on Thursday, as investors waited for a slate of key market events in coming days, from closely watched U.S. inflation data to a Bank of Japan policy decision.

The Nikkei .N225 finished up 0.2% at 65,270.95, a reversal from a 0.8% decline at the midday break, when traders took cues from Wall Street's overnight declines as fighting intensified in the Middle East.

For a full report, click on .T


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SHANGHAI - Mainland China and Hong Kong stocks ended lower on Thursday, as escalating Middle East tensions rekindled concerns over higher oil prices and inflationary pressures.

At the close, the benchmark Shanghai Composite index .SSEC dropped 0.4%, while the blue-chip CSI300 index .CSI300 lost 0.5%.

For a full report, click on .SS


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AUSTRALIA - Australian shares were set for a weak open on Friday, eyeing a fourth straight day of losses on potential declines in mining stocks, while surging oil prices keep investors focused on the prospects of domestic monetary policy tightening.

The local share price index futures YAPcm1 slipped 1%, a 192.4-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1% on Thursday.

For a full report, click on .AX


- - - -


SEOUL - South Korean shares ended slightly lower on Thursday, as chip stocks held their ground even as investors awaited key U.S. inflation data due later this week and assessed the inflationary impact of the widening Middle East conflict.

The benchmark KOSPI .KS11 closed down 16.77 points, or 0.24%, at 7,034.93, after falling as much as 2.2%.

For a full report, click on KRW/


- - - -


FOREIGN EXCHANGE


NEW YORK - The dollar rose against major currencies on Thursday, reversing some of this week's losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.

The dollar index =USD rose 0.15% to 98.93, on track to snap three straight sessions of losses.

For a full report, click on USD/


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CHINA - China's yuan held steady near a 3-1/2-year high against the dollar on Thursday as investors awaited U.S. inflation data, seeking fresh clues on the Federal Reserve's policy outlook and its potential impact on global financial markets.

In the spot market, the onshore yuan CNY=CFXS changed hands at 6.7080 per dollar as of 0321 GMT, not far from a 3-1/2-year high of 6.7050 hit on Monday.

For a full report, click on CNY/


- - - -


AUSTRALIA - The Australian dollar paused near another fresh top on Thursday as investors ramped up wagers on a near-term hike in interest rates, lifting short-term bond yields to their highest in almost six months.

All this hawkishness kept the Aussie firm at $0.7220 AUD=D3, having hit a four-month high of $0.7238 overnight.

For a full report, click on AUD/


- - - -


SEOUL - The South Korean won strengthened against the U.S. dollar

The won was quoted at 1,339.2 per dollar on the onshore settlement platform KRW=KFTC, 0.07% higher than its previous close at 1,340.2.

For a full report, click on KRW/


- - - -


TREASURIES


NEW YORK - U.S. Treasury yields climbed on Thursday after the latest inflation reading pushed up expectations for a Federal Reserve interest rate hike next week, while soaring oil prices exacerbated inflation worries.

Yields on 10-year Treasury notes traded at their highest levels since late 2023 while 30-year Treasury yields hit their highest levels since 2007 and 2-year Treasury yields reached their highest levels in more than two years.

For a full report, click on US/


- - - -


LONDON - Traders in the euro area were bracing for interest rate hikes well into next year on Thursday as the European Central Bank hiked borrowing costs and increased its inflation forecast, just as oil prices jumped again due to the Iran war.

Germany's 10-year bond yield DE10YT=RR rose to its highest level since 2011.

For a full report, click on GVD/EUR


- - - -


TOKYO - Japanese government bond (JGB) yields rose on Thursday as escalating Middle East tensions pushed oil prices higher, with gains gathering pace after a Bank of Japan official struck a hawkish tone on further policy tightening.

The benchmark 10-year JGB yield JP10YTN=JBTC rose 5 basis points (bps) to 2.93%.

For a full report, click on JP/


COMMODITIES


GOLD - Gold prices dropped over 1% on Thursday after robust U.S. inflation data and rising oil prices increased bets for a Federal Reserve rate hike next week.

Spot gold XAU= slipped 1% to $4,355.85 per ounce by 01:42 p.m. EDT (1742 GMT).

For a full report, click on GOL/


- - - -


IRON ORE - Iron ore prices slid for a second straight session on Thursday to hit their lowest level in nearly a week, dragged down by concerns over falling demand in top consumer China as steel margins shrink.

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 closed daytime trade down 0.95% at 730.5 yuan ($108.93) a ton, after hitting its weakest since September 4 at 727 yuan.

For a full report, click on IRONORE/


- - - -


BASE METALS - Copper prices fell on Thursday after Reuters reported the White House has yet to decide on refined copper tariffs as officials assess concerns that higher prices could raise manufacturing costs.

Three-month copper on the London Metal Exchange CMCU3 fell 3.5% to $14,239 a metric ton by 1601 GMT after touching a record high of $14,875 earlier in the session.

For a full report, click on MET/L


- - - -


OIL - Oil prices jumped more than 6% on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies.

Brent crude futures LCOc1 settled up $6.42, or 6.34%, at $107.63 a barrel.

For a full report, click on O/R


- - - -


PALM OIL - Malaysian palm oil futures slipped more than 1% on Thursday, extending losses for a third straight session, as weakness in rival soyoil and bearish demand and supply figures pressured the market.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange slid 81 ringgit, or 1.63%, to 4,885 ringgit ($1,202.61) a metric ton at the close.

For a full report, click on POI/


- - - -


RUBBER - Japanese rubber futures fell on Thursday, pressured by a slip in oil prices and a slump in Tokyo equities.

The Osaka Exchange rubber contract for February delivery JRUc6, 0#2JRU: was down 3.9 yen, or 0.89%, at 433.9 yen ($2.83) per kg.

For a full report, click on RUB/T


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(Bengaluru Bureau; +91 80 6749 1130)

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