Asia Morning Call-Global Markets (updated)
UPDATE 1-Asia Morning Call-Global Markets Oct 22 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8831.3 | 14.40 | NZX 50** | 13761.29 | 129.60 |
DJIA** | 52803.93 | 308.69 | NIKKEI** | 64621.24 | 545.82 |
Nasdaq** | 26723.325 | 298.508 | FTSE** | 10752.88 | 19.88 |
S&P 500** | 7760.28 | 47.71 | Hang Seng** | 23651.87 | -215.87 |
SPI 200 Fut | 8842 | -7 | STI** | 5437.99 | 33.97 |
SSEC** | 3713.0277 | -22.3427 | KOSPI** | 5735.66 | 182.92 |
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Bonds | Net Chng | Bonds | Net Chng | ||
JP 10 YR Bond | 2.88 | -0.015 | KR 10 YR Bond | 4.167 | -0.049 |
AU 10 YR Bond | 5.285 | +0.006 | US 10 YR Bond | 5.119 | +0.0085 |
NZ 10 YR Bond | 5.063 | - | US 30 YR Bond | 5.4133 | -0.0087 |
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Currencies | Net Chng | Net Chng | |||
SGD US$ | 1.2769 | -0.0001 | KRW US$ | 1325.92 | -0.18 |
AUD US$ | 0.7031 | +0.0029 | NZD US$ | 0.5702 | 0.5702 |
EUR US$ | 1.1233 | -0.0003 | Yen US$ | 158.17 | +0.01 |
THB US$ | 33.57 | +0.01 | PHP US$ | 63.310 | +0.28 |
IDR US$ | 18000 | +20 | INR US$ | 94.4600 | -0.32 |
MYR US$ | 4.0785 | -0.003 | TWD US$ | 32.391 | -0.225 |
CNY US$ | 6.6758 | -0.0021 | HKD US$ | 7.8466 | -0.0019 |
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Commodities | Net Chng | Net Chng | |||
Spot Gold | 4131.95 | 7.7494 | Silver (Lon) | 57.8423 | -0.1337 |
U.S. Gold Fut | 4150.4 | 7.8 | Brent Crude | 108.82 | 0.03 |
Iron Ore | 681.50 yuan | 0 | TRJCRB Index | - | - |
TOCOM Rubber | 451.3 | 2.5 | LME Copper | 14370.5 | -50 |
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** indicates closing price
All prices as of 1948 GMT
EQUITIES
GLOBAL - Major stock indexes climbed on Wednesday as results and forecasts lifted sentiment about the earnings outlook, while France's 10-year bond yield hit 5% for the first time since 2002 amid concern about the outlook for the country's economy.
MSCI's gauge of stocks across the globe .MIWD00000PUS rose 3.98 points, or 0.35%, to 1,134.38.
For a full report, click on MKTS/GLOB
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NEW YORK - The tech-heavy Nasdaq led Wall Street's gains on Wednesday after quarterly results from SpaceX and Super Micro Computer improved investor appetite for stocks related to artificial intelligence, while Netflix slipped as its forecast disappointed investors.
At 2:21 p.m. ET (1821 GMT), the Dow Jones Industrial Average .DJI rose 304.97 points, or 0.58%, to 52,800.85, the S&P 500 .SPX gained 55.99 points, or 0.73%, to 7,768.65 and the Nasdaq Composite .IXIC gained 337.67 points, or 1.28%, to 26,762.48.
For a full report, click on .N
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LONDON - European shares rose on Wednesday, recouping nearly all of their losses since the weekend turmoil in France as strong earnings encouraged investors to look past the economic and political uncertainty.
The pan-European STOXX 600 index .STOXX added 0.92% and closed at 644.49 points, led by a 20% jump in Randstad RAND.AS after the Dutch recruiter's management struck a cheerful tone for 2027 following quarterly sales and profit beats.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share gauge rallied on Wednesday on renewed optimism over demand in the red-hot AI sector.
The benchmark Nikkei 225 .N225 advanced 0.85% to close at 64,621.24, paring an earlier gain of more than 2%.
For a full report, click on .T
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SHANGHAI - China's blue-chip index fell to the lowest level in 14 months on Wednesday despite a broader recovery in Asian shares, as weaker profit growth in index heavyweight CATL and fading hopes of major stimulus to boost spending weighed on sentiment.
By the close, China's blue-chip CSI300 Index .CSI300 was down 1%, its lowest since August 2025, while the Shanghai Composite Index .SSEC lost 0.6%.
For a full report, click on .SS
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AUSTRALIA Australian shares were likely to open little changed on Thursday, with heavyweight miners likely to fall on softer commodity prices, countering gains in Nasdaq-tracking technology stocks.
The local share price index futures YAPcm1 was flat, a 16.7-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.2% on Wednesday.
For a full report, click on .AX
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SEOUL - The benchmark KOSPI .KS11 closed up 182.92 points, or 3.29%, at 5,735.66, rebounding from Tuesday's close at a 6-month low and marking the biggest daily percentage rise since September 7.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The US dollar index dipped on Wednesday as traders weighed renewed oil-driven inflation risks and waited for next week's Federal Reserve meeting, while the Australian dollar gained on hawkish central bank comments.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.14% to 101.65, with the euro EUR= up 0.01% at $1.1237.
For a full report, click on USD/
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CHINA - China's yuan traded in a narrow range on Wednesday after briefly hitting its highest in more than four years, supported by robust export growth and a broadly weaker dollar.
The yuan CNY=CFXS touched 6.6765 per dollar in morning trade, its strongest level since June 28, 2022, before easing slightly to 6.6791 as of 0250 GMT.
For a full report, click on CNY/
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AUSTRALIA - The Australian dollar was looking to rally for a fourth session on Wednesday as US yields declined and investors narrowed the odds of another interest rate hike at home after hawkish comments from a central banker.
The Aussie firmed 0.1% to $0.7011 AUD=D3, having risen 0.3% overnight to as far as $0.7017.
For a full report, click on AUD/
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SEOUL - The won was quoted at 1,325.2 per dollar on the onshore settlement platform KRW=KFTC, 0.06% higher than its previous close at 1,326.0.
For a full report, click on KRW/
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TREASURIES
NEW YORK - US Treasury yields edged lower on Wednesday, as investors gauged the impact of higher interest rates on AI stocks that have helped propel economic growth, but eased from earlier lows after an auction of 20-year bonds.
The yield on the benchmark US 10-year Treasury note US10YT=RR shed 0.6 basis point to 5.111% and was on track for its second straight daily decline, after touching a low of 5.081% on the day.
For a full report, click on US/
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LONDON - Euro zone bond yields rose on Wednesday, led by another increase in French borrowing costs to their highest since mid-2002, as widespread French protests added to concerns over the country's fragile finances and political uncertainty.
German 10-year yields DE10YT=RR were up 3.4 bps at 3.4274%, little changed this week, while two-year yields DE2YT=RR rose 4 bps to 3.0940%.
For a full report, click on GVD/EUR
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TOKYO - Long-term Japanese government bonds (JGBs) extended gains on Wednesday on signs that safe-haven demand and high yields were bringing investors back to debt markets.
The yield on the 20-year JGB JP20YTN=JBTC fell 1 basis point to 3.690%, heading for a third straight session of decline. Yields move inversely to bond prices
For a full report, click on JP/
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COMMODITIES
GOLD - Gold prices edged higher on Wednesday, rebounding from a near one-week low hit earlier in the session as weaker US Treasury yields lent support, while investors awaited next week's Federal Reserve meeting.
Spot gold XAU= was up 0.3% at $4,137.94 per ounce by 2:12 p.m. EDT (1812 GMT) after hitting its lowest since October 15 in earlier trade.
For a full report, click on GOL/
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IRON ORE - Iron ore futures were little changed on Wednesday, as a rebound in freight costs and expectations of short-term supply disruptions countered weak underlying demand.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 rose 0.07% to 681.50 yuan ($102.04) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Copper prices dropped on Wednesday after inventories rose and worries over supply declined despite record premium offers from producers for next year's physical deliveries.
Three-month copper on the London Metal Exchange CMCU3 was down 0.4% at $14,364 a metric ton by 1615 GMT, having slipped from its highest in three weeks at $14,700 touched on October 14.
For a full report, click on MET/L
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OIL - Oil prices settled with little change on Wednesday as investors weighed possible progress toward Russia-Ukraine talks against declining US oil stocks and a lack of US-Iran dialogue.
Brent crude futures LCOc1 settled 3 cents, or 0.03% higher, at $108.82 a barrel.
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures fell more than 1% on Wednesday, with profit-taking near the top of the trading range outweighing gains in rival vegetable oils on the Dalian Commodity Exchange.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 49 ringgit, or 1.02%, to 4,768 ringgit ($1,169.06) a metric ton a t the close.
For a full report, click on POI/
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RUBBER - Japanese rubber futures fell on Wednesday, pressured by a stronger yen and expectations that raw material cost support will weaken.
The Osaka Exchange (OSE) rubber contract for March delivery JRUc6, 0#2JRU: was down 3.3 yen, or 0.73%, at 448.8 yen ($2.84) per kg
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)