Asian stocks followed US equit-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Asian stocks followed US equities lower, with Treasury yields at the highest level since the global financial crisis.

A gauge of the region’s equities fell, with indexes declining in Japan, South Korea and Australia. Stocks in Hong Kong and mainland China fluctuated. US futures dropped in Asia amid wariness around economic challenges that saw the S&P 500 swing from a gain of more than 1% to a loss of almost the same.

Hawkish remarks from Federal Reserve officials and swaps pricing in a 5% peak policy rate in 2023 should continue to support the greenback against its major peers and emerging-market currencies. The yen remained weaker than the closely-watched 150 per dollar level, boosting speculation that more intervention will be needed to support the Japanese currency.

The dollar was steady and the pound wavered after Liz Truss resigned as UK prime minister. Ten-year Australian bond yields jumped 10 basis points, tracking a move in similar-maturity Treasuries on Thursday.

@Daily_Discussion

💰 Stocks to watch today?(17 Jun)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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Comments

jasmine_tan
2022-10-21
jasmine_tan
thanks for sharing
nickname168
2022-10-23
nickname168
ok
AhGong
2022-10-23
AhGong
ok
onlyYou
2022-10-23
onlyYou
ok
luv2trade
2022-10-23
luv2trade
ok
Frisbee
2022-10-23
Frisbee
ok

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