MTS Help Center

·         Asian markets roiled by global bond whiplash

Asian stocks fell by the most in nine months on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.

In a sign the gloomy mood will reverberate across markets, European and U.S. stock futures were a sea of red. Eurostoxx 50 futures lost 1.7% while futures for Germany’s DAX and those for London’s FTSE dropped 1.3% each.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid more than 3% to a one-month low, its steepest one-day percentage loss since May 2020.

For the week the index is down more than 5%, its worst weekly showing since March last year when the coronavirus pandemic had sparked fears of a global recession.

 

·         Japan stocks crumble as bond market rout wreaks havoc

Japanese shares slumped on Friday, logging their biggest daily decline in nearly a year, after a spike in global bond yields spooked investors already uneasy about the market’s stretched valuation.

The Nikkei average ended down 3.99% at 28,966.01, hitting its lowest level in almost three weeks. The broader Topix fell 3.21% to 1,864.49. Both indexes posted their biggest single-day fall since April last year.

Market players are now awaiting whether the Bank of Japan, which has refrained from buying stock exchange traded funds (ETFs) so far this month, will purchase them later in the day.

·         Chinese shares close lower Friday

Chinese stocks closed lower Friday, with the benchmark Shanghai Composite Index down 2.12 percent, at 3,509.08 points.

The Shenzhen Component Index closed 2.17 percent lower at 14,507.45 points.

·         European stocks retreated slightly on Friday, after global markets were roiled by a sudden spike in bond yields that sent investors fleeing highly valued segments of the market.

The pan-European Stoxx 600 fell 0.5% in early trade, retracing the majority of its opening losses, with basic resources shedding 1.9% while utilities bucked the trend to add 0.3%.

Reference: CNBC, Reuters