Asia Morning Call-Global Markets

Reuters
Sep 29
Asia Morning Call-Global Markets

Sept 29 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8787.70

14.70

NZX 50**

13,111.73

-42.06

DJIA

46,247.29

299.97

NIKKEI**

45,354.99

-399.94

Nasdaq

22,484.07

99.37

FTSE**

9,284.83

70.85

S&P 500

6,643.70

38.98

Hang Seng**

26,128.20

-356.48

SPI 200 Fut

8,840

21

STI**

4,265.98

-7.88

SSEC**

3,828.11

-25.20

KOSPI**

3,386.05

-85.06

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

1.655

0.01

KR 10 YR Bond

2.943

0.083

AU 10 YR Bond

4.3790

-0.0190

US 10 YR Bond

4.1736

0

NZ 10 YR Bond

4.2500

-0.0050

US 30 YR Bond

4.7448

0

----------------------------------------------------------------------------------------

Currencies

SGD US$

0.0000

0

KRW US$

1,409.450

0.45

AUD US$

0.0000

0

NZD US$

0.5772

0.0005

EUR US$

1.1701

0.0036

Yen US$

149.4900

-0.3

THB US$

32.1800

-0.02

PHP US$

58.0990

-0.155

IDR US$

16,725

-10

INR US$

88.6570

-0.081

MYR US$

4.2190

0.006

TWD US$

30.5450

0.107

CNY US$

7.1349

0.0027

HKD US$

7.7792

0

----------------------------------------------------------------------------------------

Commodities

Spot Gold

3759.6377

10.8181

Silver (Lon)

45.9937

0.7737

U.S. Gold Fut

3809

37.9

Brent Crude

$70.13

0.71

Iron Ore

748

-7.5

TRJCRB Index

-

-

TOCOM Rubber

309.5

-0.7

Copper

10205

-54.5

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1851 GMT

EQUITIES

GLOBAL - Gains in Wall Street indexes on Friday were not enough to erase a loss for the week while resilient consumer spending supported longer-dated Treasury yields and gold rose as a steady inflation reading supported bets on future Federal Reserve rate cuts.

The Dow Jones Industrial Average .DJI rose 0.65%, the S&P 500 .SPX rose 0.59% and the Nasdaq Composite .IXIC was up 0.44%.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stocks ended higher on Friday after mostly in-line U.S. inflation data, but the three major indexes posted losses for the week.

The Dow Jones Industrial Average .DJI rose 299.97 points, or 0.65%, to 46,247.29, the S&P 500 .SPX gained 38.98 points, or 0.59%, to 6,643.70 and the Nasdaq Composite .IXIC gained 99.37 points, or 0.44%, to 22,484.07.

For a full report, click on .N

- - - -

LONDON - European stocks clawed their way back from three-week lows on Friday, lifted by gains in financials and industrials, leaving the benchmark index more or less where it began the week.

The pan-European STOXX 600 .STOXX rose 0.8%, and ended the week just 0.07% higher.

For a full report, click on .EU

- - - -

TOKYO - Japan's broad Topix index closed at an all-time high on Friday, despite pressure from pharmaceutical shares following new tariffs on the sector from the White House overnight.

The Nikkei .N225 dropped 0.9% to finish at 45,354.99, after closing at 45,754.93 in the prior session.

For a full report, click on .T

- - - -

SHANGHAI - China stocks fell on Friday, but ended the week near their highest level in 3-1/2-years as investor sentiment remained upbeat on growing confidence in the country's artificial intelligence potential.

China's blue-chip CSI300 Index .CSI300 closed down 1%, while the Shanghai Composite Index .SSEC lost 0.7%. Hong Kong's benchmark Hang Seng .HSI was down 1.4%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares settled a few pips higher on Friday, supported by top miners benefiting from strong copper prices that offset losses in biotechnology firm CSL as traders weighed the impact of new U.S. pharmaceutical tariffs.

The S&P/ASX 200 benchmark index .AXJO closed 0.2% higher at 8,787.70 points.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares dropped more than 2% on Friday and posted their first weekly decline in five, as uncertainty heightened over trade talks with Washington.

The benchmark KOSPI .KS11 closed down 85.06 points, or 2.45%, at 3,386.05, marking its biggest daily percentage fall since August 1.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar fell but was still on course to notch a second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, potentially complicating the Federal Reserve's efforts to cut interest rates.

The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.33% to 98.17. It was still on track for the second straight week of gains.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan eased to a three-week low against the dollar on Friday and looked set for its biggest weekly drop in two months, dragged lower by broad greenback strength in global markets.

The onshore yuan CNY=CFXS eased to a trough of 7.1369 per dollar at one point, the weakest level since September 5, before trading at 7.1329 as of 0414 GMT on Friday.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars were headed for a second week of losses as the greenback found support from solid U.S. data that prompted investors to pare back wagers of more policy easing there.

Against the U.S. dollar, the Aussie was little changed at $0.6538 AUD=D3 on Friday, having shed 0.6% overnight to a three-week low of $0.6527.

For a full report, click on AUD/

- - - -

SEOUL - The South Korean won weakened against the dollar on Friday.

The won was quoted 0.22% lower at 1,412.4 per dollar on the onshore settlement platform KRW=KFTC, after hitting its weakest level since mid-May at 1,414.0.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Longer-dated U.S. Treasury yields rose on Friday after data showed strong consumer spending in August, while inflation increased in line with economists' expectations during the month.

The yield on benchmark U.S. 10-year notes US10YT=RR was last up 1.3 basis points on the day at 4.187%.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields fell on Friday, reversing the previous day's rise, as fixed income market volatility remained at low levels with the European Central Bank expected to keep interest rates on hold until the end of 2026.

U.S. Treasuries were slightly lower with Benchmark 10-year yield US10YT=RR down one bp at 4.16%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bonds traded in a narrow range on Friday, as investors adjusted positions ahead of the weekend, with attention on the potential timing of Bank of Japan policy tightening and the race to select the next prime minister.

The 10-year JGB yield JP10YTN=JBTC was flat at 1.645%, down from as high as 1.665% on Monday.

For a full report, click on JP/

COMMODITIES

GOLD - Gold gained on Friday after U.S. inflation data came in line with expectations, reinforcing bets that the Federal Reserve may continue with interest rate cuts later this year.

Spot gold XAU= rose 0.8% to $3,778.62 per ounce as of 01:30 p.m. EDT (1730 GMT), after hitting a record $3,790.82 earlier in the week.

For a full report, click on GOL/

- - - -

IRON ORE - Dalian iron ore futures slid on Friday, snapping a four-week rally and finishing the week lower, pressured by the European Commission"s plan to impose steep tariffs on Chinese steel imports.

The most-traded January iron ore contract on China's Dalian Commodity Exchange DCIOcv1 traded 1.74% lower at 790 yuan ($110.74) a metric ton, and ended the week down 1.12% overall.

For a full report, click on IRONORE/

- - - -

BASE METALS - Copper prices fell on Friday as this week's rally, driven by supply concerns following an accident at the world's second-largest mine, impacted demand.

Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.7% at $10,189.50 a metric ton as of 1600 GMT.

For a full report, click on MET/L

- - - -

OIL - Oil prices rose on Friday as Ukraine's drone attacks on Russia's energy infrastructure cut the country's fuel exports.

Brent futures LCOc1 settled at $70.13 a barrel, up 71 cents, or 1.02%. U.S. West Texas Intermediate crude CLc1 finished at $65.72 a barrel, gaining 74 cents, or 1.14%.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures fell on Friday, posting a third straight weekly decline, as traders booked profits following bullish analyst outlook for next year, while no signs of progress in talks over agricultural exports between the U.S. and China also dampened sentiment.

The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange eased 43 ringgit, or 0.97%, to 4,396 ringgit ($1,041.95) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures fell on Friday but closed the week higher as concerns over supply disruptions caused by recent severe weather in key producing regions supported prices, although weak China auto sales capped gains.

The Osaka Exchange rubber contract for March delivery JRUc6, 0#2JRU: was down 1.9 yen, or 0.61%, at 310.2 yen ($2.07) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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