Tuesday 26, September 2017 by William Mullally

US stocks recover while Asian markets remain down

Mihir Kapadia, CEO and Founder, Sun Global Investments

On Friday, US stocks rose slightly and ended the week flat as markets seem to shake-off the latest escalation in US-North Korea war of words. Developed bond markets stabilised at the end of the week after a markedly negative trend for a few days.  The yield on the benchmark 10-year US Treasury is currently at 2.26 per cent.  

There is a negative bias to stock trading in Asia as markets kick off the week. While Japan is higher, most other markets are lower. Japan stocks have been boosted by further weakness in the Yen as the currency continues the 5 per cent decline against the US dollar it has experienced since early September. The Taiwan Index is down 1.1 per cent as worries increase about the prospects for the suppliers to Apple’s i-Phone business.  

Indices in Hong Kong, China, India and Korea are also lower.

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