Stock markets steady in Asia

Bangkok, Oct. 9 (BNA): Share prices were mixed on Monday, U.S. futures were lower and oil prices gained more than $3 a barrel.


Early Monday, U.S. benchmark crude oil was up $3.28 at $86.05 per barrel in electronic trading on the New York Mercantile Exchange.


Brent crude, the pricing basis for international trading, advanced $3.11 per barrel to $87.69 per barrel.


Tokyo and several other Asian markets were closed for holidays on Monday.


Shanghai reopened after a weeklong holiday, falling about 0.7% to 3,088.94.


In Australia, the S&P/ASX 200 was up 0.3% at 6,974.60.


 India’s Sensex slipped 0.4% to 65,744.95.


Bangkok’s SET was down 0.7%.


The S&P 500 rose 1.2% to 4,308.50, the Dow jumped 0.9% to 33,407.58.


 The Nasdaq composite flipped to a gain of 1.6%, closing at 13,431.34.


Treasury yields leapt following the release of the report, and the yield on the 10-year Treasury again soared to its highest level. It was at 4.80% early Monday.


General Motors rose 1.9% after the United Auto Workers union said it would not expand its strikes against Detroit’s three automakers.


In currency trading, the dollar rose to 149.16 Japanese yen from 149.11 yen late Friday. The euro was unchanged at $1.0553.




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