Asia stocks rally as lower bond yields buoy tech; China shares find footing

Tokyo, Dec. 6 (BNA): Asia-Pacific equities gained on Wednesday as bets firmed for a peak in interest rates among major central banks globally, pushing down bond yields.

 

Japan’s Nikkei surged more than 2%, rebounding from Tuesday’s mid-November low, while Australia’s stock benchmark jumped 1.65%, Reuters reported.

 

Hong Kong’s Hang Seng bounced back to be up about 1%, supported by a rally in tech, with a sector subindex climbing 1.7%.

 

Mainland Chinese blue chips flipped from early losses to be up 0.38%.

 

U.S. stock futures pointed higher, with the tech-heavy Nasdaq indicated up 0.41% after a 0.31% advance overnight for the cash index. S&P 500 futures rose 0.29% after the cash index ended Tuesday flat.

 

U.K. FTSE futures, Germany’s DAX futures, and pan-European EURO STOXX 50 futures each added about 0.3%.

 

The dollar added 0.06% to 147.22 yen, while the euro slipped 0.04% to $1.0792.

 

Bitcoin was slightly lower at around $43,560 after pushing as high as $44,490 overnight.

 

Gold edged up 0.2% to $2,023, catching its breath following its surge to a record $2,135.40 on Monday.

 

Brent crude futures added 1 cent to $77.21 a barrel, while U.S. WTI crude futures were down 4 cents at $72.28 a barrel.



 

R.S.







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