Asia Morning Call-Global Markets
Nov 20 (Reuters) -
Stock Markets | Net Chng | Stock Markets | Net Chng | ||
S&P/ASX 200** | 8374 | 73.8 | NZX 50** | 12816.32 | 51.67 |
DJIA | 43263.95 | -125.65 | NIKKEI** | 38414.43 | 193.58 |
Nasdaq | -125.65 | 109.443 | FTSE** | 8099.02 | -10.3 |
S&P 500 | 5903.69 | 10.07 | Hang Seng** | 19663.67 | 87.06 |
SPI 200 Fut | 8385 | -23 | STI** | 3757.97 | 25.42 |
SSEC** | 3346.0098 | 22.1612 | KOSPI** | 2471.95 | 2.88 |
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Bonds | Bonds | ||||
JP 10 YR Bond | 1.055 | -0.015 | KR 10 YR Bond | 10541.32 | 32.83 |
AU 10 YR Bond | 91.607 | 0.177 | US 10 YR Bond | 98.890625 | 0.203125 |
NZ 10 YR Bond | 98.213 | 0.3079 | US 30 YR Bond | 98.796875 | 0.515625 |
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Currencies | |||||
SGD US$ | 1.3388 | 0.0003 | KRW US$ | 1393.75 | 3.25 |
AUD US$ | 0.6517 | 0.001 | NZD US$ | 0.5899 | 0.0007 |
EUR US$ | 1.0574 | -0.0026 | Yen US$ | 154.72 | 0.07 |
THB US$ | 34.47 | -0.08 | PHP US$ | 58.864 | 0.175 |
IDR US$ | 15825 | -20 | INR US$ | 84.3550 | -0.043 |
MYR US$ | 4.4710 | -0.007 | TWD US$ | 32.397 | -0.072 |
CNY US$ | 7.2385 | 0.0021 | HKD US$ | 7.7833 | -0.0003 |
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Commodities | |||||
Spot Gold | 2628.49 | 16.29 | Silver (Lon) | 31.16 | -0.0021 |
U.S. Gold Fut | 2632.3 | 17.7 | Brent Crude | 73.25 | -0.12 |
Iron Ore | CNY776 | 12.5 | TRJCRB Index | - | - |
TOCOM Rubber | JPY354.5 | 0 | LME Copper | 9095 | 22 |
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** indicates closing price
All prices as of 1808 GMT
EQUITIES
GLOBAL - Global stocks edged higher in choppy trading on Tuesday as markets awaited further appointments to the incoming White House administration, while oil prices eased as tensions rose between Russia and the United States over Ukraine.
MSCI's gauge of stocks across the globe .MIWD00000PUS was up slightly 0.15% to 846.83.
For a full report, click on MKTS/GLOB
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NEW YORK - The S&P 500 and the tech-heavy Nasdaq edged higher on Tuesday, paring earlier losses as investors assessed Russia's warning to the United States with a new nuclear doctrine, and awaited quarterly results from AI-heavyweight Nvidia.
At 11:50 a.m. the Dow Jones Industrial Average .DJI fell 138.80 points, or 0.32%, to 43,252.18, the S&P 500 .SPX gained 9.63 points, or 0.16%, to 5,903.25 and the Nasdaq Composite .IXIC gained 102.59 points, or 0.55%, to 18,894.34.
For a full report, click on .N
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LONDON - Europe's main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled by Russia lowering its threshold for a nuclear strike, spurred investors to head to safer havens.
The pan-European STOXX 600 .STOXX closed 0.4% lower, after falling 1% to its lowest point since Aug. 8 earlier in the session.
For a full report, click on .EU
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TOKYO - Japan's Nikkei share average closed higher on Tuesday, driven by chip-related stocks which tracked overnight gains in the Nasdaq, while investors awaited Nvidia's quarterly earnings.
The Nikkei .N225 rose 0.51% to 38,414.43, while the broader Topix .TOPX climbed 0.68% to 2,710.03.
For a full report, click on .T
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SHANGHAI - Chinese and Hong Hong stocks ended higher on Tuesday, driven by gains in chip stocks and positive earnings reports, even as investors awaited fresh directional cues.
The Shanghai Composite index .SSEC and the blue-chip CSI 300 index .CSI300 both closed 0.7% higher, after hitting two-week lows earlier in the session.
For a full report, click on .SS
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AUSTRALIA - Australian shares jumped to a record high on Tuesday, led by financials in broad-based buying, while minutes of the Reserve Bank of Australia's November policy meeting showed the central bank pondered scenarios for rate changes.
The S&P/ASX 200 index .AXJO closed 0.9% higher at 8,374, after hitting a life high of 8,446.40 earlier in the session.
For a full report, click on .AX
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SEOUL - South Korean shares ended little changed on Tuesday, as investors took a wait-and-see approach ahead of Nvidia's earnings due later in the week.
The benchmark KOSPI .KS11 closed up marginally, by 2.88 points, or 0.12%, at 2,471.95, after a jump of 2.2% on Monday.
For a full report, click on KRW/
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FOREIGN EXCHANGE
NEW YORK - Safe-haven currencies saw increased demand on Tuesday, with the U.S. dollar, the Swiss franc and the yen attracting buyers after Russia updated its nuclear doctrine in response to the escalating conflict with Ukraine.
The dollar index =USD, which measures the greenback against a basket of currencies, rose 0.1% to 106.33 after reaching a high of 106.63 in the session, with the euro EUR= down 0.25% at $1.0573.
For a full report, click on USD/
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SHANGHAI - China's yuan managed to steady at a 3-1/2-month low against the dollar on Tuesday, as signs of tighter cash conditions offshore and a firmer-than-expected official guidance helped prevent further selling of the Chinese currency.
As of 0300 GMT, the onshore yuan CNY=CFXS was 0.06% lower at 7.2357 to the dollar, not far from a 3-1/2-month trough of 7.2476 hit on Thursday.
For a full report, click on CNY/
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AUSTRALIA - The Australian and New Zealand dollars clung to rare gains on Tuesday as commodities pared a little of their recent losses and the U.S. dollar paused its meteoric run.
The steady outlook helped the Aussie hold at $0.6506 AUD=D3, having bounced 0.7% overnight and away from last week's three-month low of $0.6441. Resistance now comes in at $0.6515 and $0.6550.
For a full report, click on AUD/
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SEOUL - The won was quoted at 1,390.5 per dollar on the onshore settlement platform KRW=KFTC, 0.22% higher than its previous close at 1,393.5.
For a full report, click on KRW/
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TREASURIES
NEW YORK - U.S. Treasury yields fell on Tuesday as investors bought safe-haven U.S. government bonds on concerns about escalating geopolitical tensions after Ukraine sent U.S. missiles into Russian territory for the first time.
Benchmark 10-year note yields US10YT=RR were last down 4.1 basis points at 4.373%. Two-year yields US2YT=RR fell 2.9 basis points to 4.255%.
For a full report, click on US/
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LONDON - Euro zone government bond yields lurched lower on Tuesday, driven by a rush of safe-haven buying on the back of new warnings from Russia about its retaliation for any attacks on its soil, but retraced some of those moves in afternoon trade.
German 10-year yields DE10YT=RR fell by as much as 10.3 basis points to a low of 2.269%, briefly set for their biggest one-day fall since mid-June.
For a full report, click on GVD/EUR
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TOKYO - Japanese government bond yields inched down on Tuesday, as investors were relieved after the Bank of Japan chief did not provide a decisive hint on the timing of the next interest rate hike.
For a full report, click on JP/
COMMODITIES
GOLD - Gold prices climbed for a second consecutive session on Tuesday, hitting a one-week high as mounting Russia-Ukraine tensions sparked a rush for safe-haven assets, while investors awaited key signals on the Federal Reserve's interest rate plans.
Spot gold XAU= rose 0.6% to $2,626.53 per ounce by 10:11 a.m. EST (1511 GMT), hitting its highest level since Nov. 11.
For a full report, click on GOL/
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IRON ORE - Iron ore futures rose for a second consecutive session to a one-week high on Tuesday, supported by a weaker dollar and the start of restocking by Chinese steelmakers to maintain production in January.
The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended morning trade 3.05% higher at 776 yuan ($107.17) a metric ton.
For a full report, click on IRONORE/
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BASE METALS - Aluminium prices rose on the London Metal Exchange (LME) on Tuesday, while prices on the Shanghai Futures Exchange (SHFE) fell as the market digested China's plan to remove a tax refund on exports of some aluminium products.
Both LME copper CMCU3 and zinc CMZN3 were steady at $9,072 and $2,952 per ton, respectively, while nickel CMNI3 rose 1.5% to $15,970 and tin CMSN3 eased 0.4% to $28,885.
For a full report, click on MET/L
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OIL - Oil prices steadied on Tuesday as Norway's Johan Sverdrup oilfield restarted production while there were reports of Iran offering to cap its uranium stockpile, factors that offset investor concerns about escalation of the Russia-Ukraine war.
Brent crude futures LCOc1 fell 0.1%, or 5 cents, to $73.25 per barrel by 12:11 p.m. EST (1711 GMT).
For a full report, click on O/R
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PALM OIL - Malaysian palm oil futures closed higher on Tuesday, supported by bargain buying and a recovery in the Dalian palm olein market.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange ended 23 ringgit, or 0.47% higher, at 4,922 ringgit ($1,100.87) a metric ton.
For a full report, click on POI/
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RUBBER - Japanese rubber futures rose amid stronger global oil prices, but gains were capped by a stronger yen that is closely monitored for drastic upheavals.
The Osaka Exchange (OSE) rubber contract for April delivery JRUc6, 0#2JRU: closed up 6.5 yen or 1.87%, at 354.5 yen($2.29) per kg.
For a full report, click on RUB/T
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(Bengaluru Bureau; +91 80 6749 1130)
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