Asia Morning Call-Global Markets

Reuters04-22

April 22 (Reuters) -

Stock Markets Net Chng Stock Markets Net Chng

S&P/ASX 200** NZX 50** −39.83

7,567.30 -74.80 11,796.21

DJIA 37,986.40 +211.02 NIKKEI** 37,068.35 −1,011.35

Nasdaq FTSE**

15,282.01 -319.49 7,895.85 18.80

S&P 500 4,967.23 −43.89 Hang Seng**

16,224.14 -161.73

SPI 200 Fut STI**

7,621.00 27.00 3,176.51 -11.15

SSEC** KOSPI**

3,065.26 -8.96 2,591.86 -42.84

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Bonds Bonds

JP 10 YR Bond KR 10 YR Bond

0.846 0.011 3.59 0.006

AU 10 YR Bond US 10 YR Bond

4.303 0.049 4.6228 0

NZ 10 YR Bond US 30 YR Bond

4.89 0 4.7127 0

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Currencies

SGD US$ 0 KRW US$

0 1,374.3 -5.11

AUD US$ 0 NZD US$

0 0.589 -0.0011

EUR US$ Yen US$

1.0654 0.0011 154.63 0

THB US$ PHP US$

36.8 0.01 57.55 0.074

IDR US$ INR US$

16,250 80 83.358 -0.172

MYR US$ TWD US$

4.781 0 32.512 0.136

CNY US$ HKD US$

7.239 0.0008 7.8321 0.0009

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Commodities

Spot Gold Silver (Lon)

2,390.4517 12.201 28.6533 0.4328

U.S. Gold Fut 2,413.8 15.8 Brent Crude 87.29 4.81

Iron Ore 871 -3 TRJCRB Index

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TOCOM Rubber JPY308 LME Copper 9,866 102

-2.8

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** indicates closing price

All prices as of 18:27 GMT

EQUITIES

GLOBAL - The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife.

The pan-European STOXX 600 index lost 0.08% and MSCI's gauge of stocks across the globe shed 0.84%.

For a full report, click on

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NEW YORK - The Nasdaq and the S&P 500 ended lower on Friday as Netflix NFLX.O shares weighed, but American Express AXP.N kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment.

The Dow Jones Industrial Average rose 211.02 points, or 0.56%, to 37,986.40, the S&P 500 lost 43.89 points, or 0.88%, to 4,967.23 and the Nasdaq Composite

lost 319.49 points, or 2.05%, to 15,282.01.

For a full report, click on

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LONDON - European stocks closed lower on Friday, but off theiroverone-month intraday low,as anxiety around escalating Middle East tensions seemed to ease, while French cosmetic giant L'Oreal logged its best day since early January after robust results.

The continent-wide STOXX 600 closed 0.1% lower, but notching its biggest weekly decline of 1.2% since mid-January owing to renewed focus on geopolitical tensions that steered investors away from risky assets and a rout in technology stocks.

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TOKYO - Japan's Nikkei share average posted its worst day in more than one and half years on Friday as chip-related stocks tracked losses in Taiwanese chipmaker TSMC, while an escalation in the Middle East turmoil also dented risk appetite.

The Nikkei fell 2.66% to close at 37,068.35 in its sharpest daily fall since September 2022, with 206 out of 225 stocks declining.

For a full report, click on

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SHANGHAI - China and Hong Kong stocks declined on Friday, tracking their regional peers, pressured by reports of an Israeli attack on Iran that sparked rising safe-haven bets.

At the close, the Shanghai Composite index was down 0.29% at 3,065.26 points, while the blue-chip CSI 300 was down 0.79%.

For a full report, click on

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AUSTRALIA - Australian shares ended 1% lower on Friday, closing at a two-month low, as miners and financials led broad-based selling after reports of escalating tensions in the Middle East prompted investors to dial back on their risk appetite.

The S&P/ASX 200 index closed at 7,567.3 points and recorded its lowest closing level since Feb. 14. The benchmark index lost nearly 3% this week, posting its biggest weekly decline since September 2023.

For a full report, click on

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SEOUL - South Korean shares fell more than 1% on Friday as heightening geopolitical conflict in the Middle East dented risk appetite across global markets.

The benchmark KOSPI closed down 42.84 points, or 1.63%, at 2,591.86.

For a full report, click on

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FOREIGN EXCHANGE

NEW YORK - The safe-haven Swiss franc and Japanese yen pared gains on Friday after Tehran signaled it has no plans to retaliate against Israel, which launched what has been described as a limited-scale attack on Iran overnight.

The U.S. dollar index , which tracks the currency against six major peers, also rose but gave up its gains to stand little changed on the day at 106.17.

For a full report, click on

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SHANGHAI - China's yuan weakened to a five-month low against the dollar on Friday, pressured by reports of an Israeli attack on Iran that sparked rising safe haven bets.

The onshore yuan opened at 7.2391 per dollar and eased to a low of 7.2431, its softest since Nov. 17, 2023. By midday, it was changing hands at 7.2426, 44 pips weaker than the previous late session close.

For a full report, click on

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AUSTRALIA - The Australian and New Zealand dollars tumbled on Friday as media reports of Israeli strikes on Iran spurred safe-haven demand into the U.S. dollar and local bonds.

The Australian dollar fell 0.7% to $0.6376, the lowest since November and just within a striking distance of a major support level of $0.6340. It slipped 0.2% overnight and was set for a weekly loss of 1.4%.

For a full report, click on

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SEOUL - South Korean shares fell more than 1% on Friday as heightening geopolitical conflict in the Middle East dented risk appetite across global markets.

he won ended onshore trade 0.67% lower at 1,382.2 per dollar after falling as much as 1.4% to 1,392.9.

For a full report, click on

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TREASURIES

NEW YORK - U.S. Treasury yields dipped from near five-month highs on Friday as investors moved toward safe haven assets in the wake of a presumed Israeli attack on Iran.

The yield on 10-year Treasury notes was down 3 basis points at 4.617%. The yield on the 30-year Treasury bond fell down 3.2 basis points to 4.713%.

For a full report, click on

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LONDON - The euro area benchmark Bund yield hit its highest in almost five months on Friday as demand for safe-haven assets receded, while investors reduced their bets on European Central Bank interest rate cuts after recent robust U.S. data.

German 10-year bond yields , the benchmark for the euro zone, were up 1.5 bps at 2.51%, after hitting 2.523%, their highest since Nov. 28.

For a full report, click on

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TOKYO - Japanese government bond (JGB) yields fell sharply on Friday as reports of a possible missile strike drove safe-haven flows.

Benchmark 10-year JGB futures jumped 0.42 yen to 144.83 yen in the wake of the reports.

For a full report, click on

COMMODITIES

GOLD - Gold prices rose on Friday and logged a fifth consecutive weekly rise, as fears of further tit-for-tat retaliation between Iran and Israel triggered safe-haven demand.

Spot gold was up by 0.7% at $2,395.15 per ounce as of 1:45 p.m. ET (1745 GMT), after rising as high as $2,417.59 earlier in the session. Prices were up 2.2% this week.

For a full report, click on

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IRON ORE - Iron ore futures prices retreated on Friday, but were on track for a second straight week of gains as demand improved in top consumer China.

The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.34% lower at 871 yuan ($120.30) a metric ton. It is, however, posed for a 5.3% rise for the week.

For a full report, click on

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BASE METALS - Copper prices hit their highest in almost two years on Friday as funds extended a buying spree on supply concerns, while nickel jumped on talk of Chinese government purchases for stockpiles.

Three-month copper on the London Metal Exchange $(LME.UK)$ was up 1.4% at $9,866 a metric ton at 1610 GMT, after touching $9,913.50 for its highest since April 2022.

For a full report, click on

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OIL - Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided.

Brent futures settled up 18 cents, or 0.21%, at $87.29 a barrel.

For a full report, click on

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PALM OIL - Malaysian palm oil futures reversed early gains on Friday to log its sharpest weekly fall in over a year, as traders assessed concerns over escalating tensions in the Middle East and slowing palm oil demand.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange settled down 1.41%, or 56 ringgit, to 3,928 ringgit ($821.59) a metric ton, down for a sixth consecutive session. It had risen as much as 1.4% during early trade.

For a full report, click on

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RUBBER - Japanese rubber futures rebounded on Friday after a two-day fall, lifted by firmer oil prices, although the most-active contract still suffered a weekly decline amid ample rubber supply and soft demand for end-products.

The Osaka Exchange (OSE) rubber contract for September delivery closed up 1.2 yen, or 0.39%, at 310.8 yen ($2.01) per kg.

For a full report, click on

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(Bengaluru Bureau; +91 80 6749 1130)

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