Asia Morning Call-Global Markets
Nov 13 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8255.6 | -10.6 | NZX 50** | 12749.36 | 63.03 |
DJIA** | 44044.38 | -248.75 | NIKKEI** | 39376.09 | -157.23 |
Nasdaq** | 19310.31 | 11.547 | FTSE** | 8025.77 | -99.42 |
S&P 500** | 5997.32 | -4.03 | Hang Seng** | 19846.88 | -580.05 |
SPI 200 Fut | 8209 | -75 | STI** | 3711.48 | -27.99 |
SSEC** | 3421.9701 | -48.0956 | KOSPI** | 2482.57 | -49.09 |
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Bonds | Net Chng | Bonds | Net Chng | ||
JP 10 YR Bond | 1.005 | 0.01 | KR 10 YR Bond | 10556.35 | 32.96 |
AU 10 YR Bond | 90.948 | -0.507 | US 10 YR Bond | 98.5625 | -0.96875 |
NZ 10 YR Bond | 97.968 | -0.389 | US 30 YR Bond | 98.796875 | -1.53125 |
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Currencies | Net Chng | Net Chng | |||
SGD US$ | 1.3386 | 0.0048 | KRW US$ | 1407.14 | 8.06 |
AUD US$ | 0.6534 | -0.004 | NZD US$ | 0.5923 | -0.004 |
EUR US$ | 1.0615 | -0.0039 | Yen US$ | 154.7 | 0.99 |
THB US$ | 34.84 | 0.36 | PHP US$ | 58.701 | 0.054 |
IDR US$ | 15775 | 100 | INR US$ | 84.38 | 0.001 |
MYR US$ | 4.434 | 0.027 | TWD US$ | 32.439 | 0.057 |
CNY US$ | 7.232 | 0.0181 | HKD US$ | 7.7784 | 0.0028 |
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Commodities | Net Chng | Net Chng | |||
Spot Gold | 2599.25 | -20.95 | Silver (Lon) | 30.7145 | 0.0345 |
U.S. Gold Fut | 2605.9 | -11.9 | Brent Crude | 72.08 | 0.25 |
Iron Ore | 766 | 4 | TRJCRB Index | - | - |
TOCOM Rubber | 349.5 | 2.7 | LME Copper | 9144.5 | -187 |
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** indicates closing price
All prices as of 2028 GMT
EQUITIES
GLOBAL - Global stocks dipped on Tuesday after five straight sessions of gains while the dollar touched its highest level in over four months as investors gauge the impact of U.S. President-elect Donald Trump's likely policies on growth and inflation.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 4.00 points, or 0.46%, to 859.10.
For a full report, click on MKTS/GLOB
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NEW YORK - Wall Street's main indexes fell on Tuesday as investors booked profits following post-election gains over the past few days, while focus moved to key inflation data later in the week.
The Dow Jones Industrial Average .DJI fell 209.48 points, or 0.47%, to 44,083.65, the S&P 500 .SPX lost 16.33 points, or 0.27%, to 5,985.02, and the Nasdaq Composite .IXIC lost 29.03 points, or 0.15%, to 19,269.73.
For a full report, click on .N
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LONDON - Europe's main index plunged 2% to a near three-month low on Tuesday, as concerns over the fate of U.S.-China relations cast a shadow over stocks with significant exposure to the world's No. 2 economy, while some downbeat earnings also weighed.
The STOXX 600 .STOXX notched its steepest one-day decline since early August after Monday's 1% jump.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average gave up early gains on Tuesday to close lower, as semiconductor-related shares extended declines in the afternoon session.
The Nikkei .N225 closed down 0.4% at 39,376.09.
For a full report, click on .T
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SHANGHAI - Hong Kong stocks tumbled to a seven-week low on Tuesday and Chinese markets notched their heaviest fall in nearly a month on worries a China hawk will be appointed as the United States' top diplomat and take a hard line on trade and tariffs.
The Shanghai Composite .SSEC closed 1.4% lower at 3,421.97, its largest one-day drop since mid October, and the yuan slid to a three-month trough.
For a full report, click on .SS
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AUSTRALIA - Australian shares are set to fall for the third consecutive session on Wednesday, with the resources indexes likely to take a hit due to poor underlying commodity prices.
The local share price index futures YAPcm1 fell 0.9%, a 49.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.1% on Tuesday.
For a full report, click on .AX
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SEOUL - South Korean shares fell on Tuesday to their lowest level in three months, as chipmakers dropped on worries about risks stemming from U.S. President-elect Donald Trump's tariff and China policies.
The benchmark KOSPI .KS11 closed down 49.09 points, or 1.94%, at 2,482.57, its lowest since Aug. 5.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - The U.S. dollar rose to a near five-month high against major peers on Tuesday, buoyed by expectations of inflationary import tariffs from Republican President-elect Donald Trump, while bitcoin pared gains from a record rally.
The U.S. dollar index =USD, which measures the currency against six peers rose 0.66% to 106.12, hitting its highest level since late June.
For a full report, click on USD/
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CHINA - China's yuan skidded to a 3-1/2-month low against the dollar on Tuesday, hurt by broad strength in the U.S. currency and persistent market worries over higher tariffs on Chinese goods during Donald Trump's second presidency.
The onshore yuan CNY=CFXS fell to a low of 7.2333 per dollar in morning deals, the weakest level since Aug. 2, before trading at 7.2267 as of 0327 GMT.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars languished near recent lows on Tuesday as falling commodity prices added to their woes ranging from China's stimulus disappointment to a broader shift towards the U.S. dollar following the U.S. election.
The Aussie AUD=D3 was left struggling at $0.6570, having edged 0.1% lower overnight.
For a full report, click on AUD/
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SEOUL - The South Korean won weakened against the U.S. dollar.
The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 0.1 basis points to 2.899.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields rose on Tuesday, as bond investors jumped back into the market after a long weekend, and resumed pricing in President-elect Donald Trump's policies of lower taxes and trade tariffs that are viewed as inflationary.
The two-year Treasury yield US2YT=RR, which is sensitive to expectations for U.S. interest rates, rose to 4.34%, its highest since July 31 and was last up 7.3 basis points (bps) at 4.328%.
For a full report, click on US/
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LONDON - Euro zone yields were steady on Tuesday, having earlier dropped to their lowest in over a week after a survey showed German investor morale worsened in November on concerns that U.S. President-elect Donald Trump's proposed policies could hurt Europe.
Germany's 10-year government bond yield DE10YT=RR, the benchmark for the euro area, touched its lowest since Oct. 30 at 2.299%.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond (JGB) yields inched up on Tuesday, tracking a rise in U.S. Treasury yields during Asian hours, as investors awaited fresh signals on the outlooks for the United States and Japan.
The 10-year JGB yield JP10YTN=JBTC rose 0.5 basis point (bps) to 1%, where it has hovered this week.
For a full report, click on JP/
COMMODITIES
GOLD
Gold prices fell to nearly a two-month low on Tuesday in the face of a stronger dollar, optimism about economic growth under a second Trump administration, and a broader market pivot following the Nov. 5 U.S. presidential election.
Spot gold XAU= was down 0.7% at $2,600.93 per ounce by 2:23 p.m. EST (1923 GMT), after dropping 1% to hit its lowest level since Sept. 20 at $2,589.59 earlier in the session. U.S. gold futures GCv1 settled 0.4% lower at $2,606.30.
For a full report, click on GOL/
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IRON ORE
Iron ore futures were mixed on Tuesday as investors assessed soft economic data out of top consumer China, after the country's latest stimulus measures underwhelmed and took the wind out of markets in the previous session.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 0.26% higher at 766.0 yuan ($105.87) a metric ton, after falling nearly 3% on Monday.
For a full report, click on IRONORE/
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BASE METALS
Copper prices slumped to the lowest in two months on Tuesday on worries about the impact of incoming U.S. President Donald Trump on the economy of top metals consumer China.
Three-month copper on the London Metal Exchange (LME) CMCU3 fell 2% to $9,145 per metric ton by 1700 GMT, having hit the weakest since Sept. 11 at $9,107.
For a full report, click on MET/L
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OIL
Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China's latest stimulus plan.
Brent LCOc1 futures were up 24 cents, or 0.3%, to $72.07 a barrel by 1:22 p.m. EST (1822 GMT), while U.S. West Texas Intermediate (WTI) crude CLc1 rose 29 cents, or 0.4%, to $68.33.
For a full report, click on O/R
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PALM OIL
Malaysian palm oil futures tumbled on Tuesday after closing at their highest since mid-June 2022 in the previous session, trailing weakness in soyoil prices.
The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 165 ringgit, or 3.18%, its biggest daily drop since Aug. 5, to 5,031 ringgit ($1,134.64) a metric ton at closing, snapping a four-session rally.
For a full report, click on POI/
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RUBBER
Japanese rubber futures fell to a one-week low on Tuesday, weighed down by a batch of softer Chinese economic data and as Beijing's latest stimulus plan disappointed investors.
The April Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: slid 17.2 yen, or 4.73%, to finish at 346.8 yen ($2.26) per kg, its weakest level since Nov. 5.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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