Solid Gold Berjangka | Asian Shares Advance After US Equities Rebound

02:03 08 August in Market, SOLID GOLD BERJANGKA | SOLID GROUP

Shares in Asia gained after shares in the US rebounded from their worst week since March, with Wall Street optimism offset by the latest comments from a Federal Reserve official that pointed to more rate hikes to tame inflation.

Shares rose at the open in Japan, South Korea and Australia, while equity futures for Hong Hong stocks fell. Contracts for US stocks were flat after the S&P 500 on Monday halted a four-day drop and the Dow Jones Industrial Average saw its biggest advance in more than seven weeks.

Treasuries steadied in early trading hours in Asia after yields on the 10-year on Monday resumed an increase that drove them last week to the highest since November. Fed Governor Michelle Bowman also said Monday that additional hikes “will likely be needed” and that sent yields on the two-year to climb before paring some of its advance.

Bulging sales of Treasuries are about to deliver a major test of investor demand and determine whether a selloff has room to run as the market braces for the biggest round of refunding auctions since last year. The bond market has to absorb a combined $103 billion of 3-, 10- and 30-year auctions before the week is out — up $7 billion from the May slate.

Source: Bloomberg

MSCI Asia Pacific Saham Asian Bursa Asia

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