ASIAN MARKETS MOSTLY UP BUT INVESTORS REMAIN WARY
HONG KONG: Asian markets mostly rose Tuesday, tracking another rally in New York after last week’s battering, but early gains were tempered and Tokyo ended down on lingering uncertainty and worries about further turmoil.
While some stability has returned - ing a nervous eye on the release this many fear could spark another
into spasms this month as the yield on US Treasury bills has risen to four-year highs, with Federal Reserve interest rates expected to be hiked further this year owing to a
There are also warnings that the yield on US T-bills could spike to - berg News, which would mark a
But Asian traders were broadly optimistic on Tuesday, though
Shanghai finished one percent higher as dealers in China begin to wind down ahead of the long
- gapore jumped more than one per
Jakarta, Manila, Bangkok and
In early European trade, London
End of bull market?
Dealers were given a positive cue from Wall Street and Europe,
Stephen Innes, head of Asia “Equity markets have begun the week on a somewhat positive note picking up from Friday’s rebound as bargain hunters have returned
positive equilibrium, and if we can get through this week’s criti unscathed, then it would most certainly look as if last week was little more than a corrective episode rather than the commencement
However, there is concern that another strong reading could spark
And Ronald Wan, chief execu Kong, told Bloomberg News the recent record highs witnessed in many cities would not be seen
stocks decline seriously in the - ties were at their peaks and people also ignored whether the elevated level” was supported enough by
“The peak of this bull market”
On currency markets, the dollar continued to struggle against the yen on lingering uncertainty, with investors seeking solace in the safe
The more positive mood also supported high-yielding currencies, with the Australian dollar, South Korean won, Thai baht and Mexican peso all higher against
However, the South African rand was being sold on political uncertainty with local media reporting the ruling ANC party had decided to remove scandal-tainted