Asia Morning Call-Global Markets

Feb 9 (Reuters) -

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** indicates closing price

All prices as of 1741 GMT

EQUITIES

GLOBAL - MSCI's global equities gauge rallied 1.5% on Friday for its strongest advance in months, after falling in five of the prior six sessions, while bitcoin also bounced from a sharp selloff and spot gold and silver prices regained some lost ground.

MSCI's gauge of global stocks .MIWD00000PUS rose 15.74 points, or 1.53%, to 1,042.98, tracking its biggest one-day gain since May.

For a full report, click on MKTS/GLOB

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NEW YORK - The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared and Amazon tumbled after the cloud heavyweight forecast a sharp increase in spending on AI infrastructure.

The Nasdaq gained 2.18% to 23,031.21 points, while the Dow .DJI rose 2.47% to 50,115.67 points, its highest close ever.

For a full report, click on .N

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LONDON - Europe's benchmark share index rose on Friday in a largely broad-based rebound from the prior session's losses, as investors assessed a mixed bag of earnings from companies including carmaker Stellantis and defence firm Kongsberg.

The pan-European STOXX 600 .STOXX was up 0.9% at 617.12 points, also bouncing back from a drop earlier in the session.

For a full report, click on .EU

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TOKYO - Japan's Nikkei share average rose on Friday, recovering from early losses to extend a weekly gain, as investors took in quarterly earnings from major companies while remaining cautious ahead of a crucial election on Sunday.

The benchmark Nikkei 225 Index .N225 rose 0.8% to close at 54,253.68, capping a 1.7% weekly gain.

For a full report, click on .T

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SHANGHAI - Mainland China and Hong Kong shares ended lower on Friday, as a global selloff in technology shares and sharp losses in silver futures dampened investor sentiment.

At the close, the benchmark Shanghai Composite index .SSEC inched down by 0.25%, while the blue-chip CSI300 index .CSI300 lost 0.57%.

For a full report, click on .SS

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AUSTRALIA - Australian shares logged their biggest daily fall in 10 months on Friday, with miners leading a selloff spanning all sectors, as investors pulled out of resources stocks on soft commodity prices amid a broader retreat from equities globally.

The S&P/ASX 200 index .AXJO fell 2% to 8,708.80 in its steepest one-day drop since early April last year.

For a full report, click on .AX

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SEOUL - South Korean shares snapped a six-week rally on Friday, as investor worries over artificial intelligence stocks grew.

The benchmark KOSPI .KS11 closed down 74.43 points, or 1.44%, at 5,089.14, after falling as much as 5.12%.

For a full report, click on KRW/

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FOREIGN EXCHANGE

NEW YORK - The dollar slipped from two-week highs on Friday, returning some safe-haven gains as risk assets rebounded from a deep rout driven by concerns over a surge in AI-related spending this year.

The dollar index, which tracks the performance of the U.S. currency against six others =USD, was down 0.34% after earlier hitting a two-week peak.

For a full report, click on USD/

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SHANGHAI - China's yuan held a soft tone on Friday, but remained on track for its longest winning streak against the dollar in nearly 13 years buoyed by strong exports.

By 0355 GMT, the yuan CNY=CFXS was 0.05% lower at 6.9396 to the dollar after trading in a range of 6.9390 to 6.9418.

For a full report, click on CNY/

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AUSTRALIA - The Australian and New Zealand dollars clung to support on Friday as a selloff across global stock and metals markets undermined risk sentiment, with a positive yield premium providing a much needed prop.

The Aussie was a shade firmer at $0.6934 AUD=D3, having slipped 1.0% overnight.

For a full report, click on AUD/

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SEOUL - The won was quoted at 1,465.4 per dollar on the onshore settlement platform KRW=KFTC, 0.12% lower than its previous close at 1,463.7.

For a full report, click on KRW/

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TREASURIES

NEW YORK - Interest-rate-sensitive two-year U.S. Treasury yields rebounded from a more than three-month low on Friday ahead of January's highly anticipated jobs report next week that will offer the next clues on the strength of the labor market.

The yield on benchmark U.S. 10-year notes US10YT=RR was flat at 4.21% and dropped to 4.156%, the lowest since January 15.

For a full report, click on US/

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LONDON - German government bond yields were little changed on Friday after earlier touching multi-week lows, a day after the European Central Bank kept interest rates unchanged.

Germany's 10-year government bond yield DE10YT=RR, the euro zone’s benchmark, was little changed at 2.845%, after hitting 2.813%, its lowest since January 19.

For a full report, click on GVD/EUR

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TOKYO - Japanese government bond (JGB) yields fell on Friday, led by the longest-dated debt, with investors optimistic that a likely landslide win for the coalition government in Sunday's snap election will temper any expansion of fiscal stimulus.

The 30-year JGB yield JP30YTN=JBTC dropped 6 basis points (bps) to 3.505%, the lowest since January 16, which was right before Prime Minister Sanae Takaichi called the snap election and pledged a two-year waiver on food tax.

For a full report, click on JP/

COMMODITIES

GOLD - Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over U.S.-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold XAU= rose 3.9% to $4,954.92 per ounce by 2:18 p.m. ET (1918 GMT), recouping losses during a volatile Asia session following Thursday's 3.9% decline.

For a full report, click on GOL/

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IRON ORE - Iron ore futures dropped for a second consecutive session on Friday, tracking a broad commodities sell-off triggered by a slump in Wall Street tech stocks, with the Singapore contract falling below $100 for the first time since November 2025.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 ended day-time trade 1.23% lower at 760.5 yuan ($109.59) a metric ton.

For a full report, click on IRONORE/

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BASE METALS - Copper shrugged off an early dip to move back above $13,000 per metric ton on Friday, snapping two straight days of declines as more affordable price levels sparked some buying interest and investor sentiment improved.

Benchmark three-month copper CMCU3 on the London Metal Exchange was trading up 0.8% at $13,001 per ton as of 1700 GMT, having earlier slumped as much as 2.9% to $12,528.

For a full report, click on MET/L

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OIL - Oil prices settled higher on Friday, reversing earlier losses as traders worried that this week's talks between the U.S. and Iran had failed to reduce the risk of a military conflict between the two countries.

Brent crude futures LCOc1 settled at $68.05 a barrel, up 50 cents, or 0.74%.

For a full report, click on O/R

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PALM OIL - Malaysian palm oil futures posted a first weekly drop in five weeks, weighed down by weakness in rival edible oils in Chicago and Dalian markets.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange lost 53 ringgit, or 1.26%, at 4,153 ringgit ($1,052.72) a metric ton by the midday break.

For a full report, click on POI/

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RUBBER - Japanese rubber futures rose for the third straight session on Friday, as a Nikkei rally boosted investor sentiment.

The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: was up 1.8 yen, or 0.52%, at 349.9 yen ($2.23) per kg.

For a full report, click on RUB/T

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(Bengaluru Bureau; +91 80 6749 1130)