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Japan’s Nikkei 225 fell more than 2% after Wall Street stock price fell

Singapore — Wednesday morning trading saw the Asia-Pacific stocks fall after an overnight fall on Wall Street, and the Nasdaq Composite plunged nearly 3% as bond yields rose.

in Japan, Nikkei 225 While the Tokyo Stock Price Index fell 2.5%, it fell 2.41%.Korean KOSPI It decreased by 1.85%.

Hong Kong Hang Seng Index It decreased by 1.81% before comparing some of these losses. Mainland China stocks Shanghai Composite Flow 0.98%, Shenzhen component Down 0.95%.

NS S & P / ASX 200 In Australia it decreased by 1.39%.

MSCI’s widest non-Japanese Asia Pacific stock index fell 1.3%.

Investors 10-year Treasury yield, Over 1.5% on Monday, continued to rise, and finally was 1.553%. Yield is inversely proportional to price.

The Nasdaq Composite fell 2.83% to 14,546.68 on the worst day since March, with rising yields hitting tech stocks overnight on Wall Street. High-tech stocks have been hit in a rising yield environment as rising interest rates devalue future cash flow and appear to overvalue popular stocks.

Asian tech stocks fell in Wednesday morning trading, Japanese conglomerate stocks Softbank Group South Korea’s Samsung Electronics fell 2.62%, down 2.33%.

Hong Kong’s Chinese tech stocks are also declining, Tencent 3.32% plunge, Alibaba 2.98% slip. The Hang Seng Tech index fell 3.18%.

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On Wall Street, the S & P 500 fell 2.04% overnight to 4,352.63, and the Dow Jones Industrial Average fell 569.38 points to 34,299.99.

Oil drops by 1% or more

Crude oil prices were low in the morning of Asian trading hours on international benchmarks Brent Crude Futures $ 78.25 per barrel, down 1.06%. US Crude Oil Futures Shed 1.1% to $ 74.45 per barrel.

NS USD indexTracking greenbacks against baskets from other companies in the same industry was 93.749, following a recent rise from less than 93.6.

NS JPY It traded at 111.56 per dollar, weaker than the level below 111.2 seen against the greenback earlier this week. NS Australian dollar It was $ 0.7234 after a drop from over $ 0.729 yesterday.

Japan’s Nikkei 225 fell more than 2% after Wall Street stock price fell

Source link Japan’s Nikkei 225 fell more than 2% after Wall Street stock price fell

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