Reuters-Asia stocks mixed as investors grapple with higher rates
September 27, 2023 3 min 607 words
这篇报道反映了当前亚洲股市和全球经济形势的关键方面。首先，全球投资者对不断攀升的利率表示担忧，这影响了股市和债券市场，使得亚洲股市表现不一。这凸显了市场对高利率对经济的潜在冲击持谨慎态度。 美元指数升至10个月来的高点，而日元接近一个关键水平，可能会引发日本官方干预以稳定货币。这显示了全球货币市场上的不稳定，尤其是日本政府已表态不排除干预的情况下。 报道还提到中国工业企业利润下降，而澳大利亚的通货膨胀在燃油价格激增的推动下上升，这两个国家的经济情况也备受关注。这再次突显了全球经济面临的挑战，包括通货膨胀和制约增长的因素。 最后，美国联邦储备委员会（Federal Reserve）的鹰派利率前景导致了美国国债收益率创下16年来的新高，这对金融市场产生了巨大影响。同时，油价波动也与全球经济前景不确定有关。 总体而言，这篇报道突显了全球市场的不确定性和投资者对经济前景的担忧，同时也强调了央行政策和国际货币市场在这一时刻的重要性。
HONG KONG (Reuters) - Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.
The dollar index further rose after hitting a 10-month high on Tuesday, while the Japanese yen came closer to a key level where Japanese officials are seen as potentially intervening to shore up the currency.
Profits at China’s industrial firms fell 11.7% in the first eight months from a year earlier, official data showed on Wednesday. In Australia, inflation picked up in August, driven by a surge in fuel prices, but the gain was in line with expectations.
A Bank of Thailand rate decision is due later in the day.
Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1%. The index is down 3.7% so far this month. U.S. stock futures, the S&P 500 e-minis, were up 0.13%.
Australian shares were down 0.25%, while Japan’s Nikkei stock index slid 0.47%.
China’s blue-chip CSI300 index was 0.41% higher in early trade. Hong Kong’s Hang Seng index advanced 0.8%.
On Tuesday, Wall Street’s major stock indexes followed Asian and European equities lower as investors continued to digest last week’s indication from the Federal Reserve that it would keep rates higher for longer than investors had previously expected.
The Dow posted its biggest one-day percentage drop since March, while all three major averages ended at their lowest closing levels in well over three months.
The Dow Jones Industrial Average fell 1.14%, the S&P 500 lost 1.47% and the Nasdaq Composite dropped 1.57%.
In currencies, the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, advanced 0.085% to 106.3, after hitting 106.21 on Tuesday, the highest since Nov. 30. The European single currency was down 0.1% on the day at $1.0564, having lost 2.56% in a month.
The Japanese yen remained weak versus the greenback at 149.06 per dollar. The dollar’s strength against the yen in particular has kept traders on alert for an intervention to prop up the Japanese currency, especially after Finance Minister Shunichi Suzuki said no options were off the table.
The 150 yen per dollar level is seen by financial markets as a red line that would spur Japanese authorities to act, as they did last year.
“USD/JPY traded in a fairly narrow range overnight and is currently trading just above 149. Higher U.S. Treasury yields and recent dovish comments from Bank of Japan (BoJ) officials have weighed on USD/JPY,” CBA analysts said in a note. “We see a high risk the BoJ intervenes soon to prop up the JPY.”
In treasuries, benchmark 10-year Treasury yields have climbed to 16-year highs in the wake of the Federal Reserve’s hawkish longer-term rate outlook last week. The yield reached 4.5274% on the day, compared with its U.S. close of 4.558% on Tuesday.
The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 5.0603% compared with a U.S. close of 5.077%.
Oil prices settled higher after reaching a two-week low earlier in Tuesday’s session, as investors weighed expectations of tighter supply against demand concerns stemming from an uncertain economic outlook.
U.S. crude ticked up 0.34% to $90.7 a barrel. Brent crude rose to $94.26 per barrel.
Gold was slightly higher. Spot gold was traded at $1901.204 per ounce. [GOL/]