Japan -1.75%.
China market closed.
Hong Kong -3.12%. The index reversed a strong rally in the prior session as traders returned from Monday’s holiday, amid evidence that US Treasury yields hit a 16-year top, with belief growing among investors that the Fed may hold interest rates at a high level for longer.
India -0.57%. A private survey that showed India’s manufacturing sector grew the least in five months in September also dented sentiment. Investors were cautious ahead of the RBI interest rate decision later this week amid rising bets that the central bank may continue to maintain the interest rate.
Australia -1.28%. The Reserve Bank of Australia kept its cash rate unchanged at 4.1%, holding rates for the fourth straight month as widely expected.
The Reserve Bank of Australia’s Index of Commodity Prices dropped by 22 percent year-on-year in September 2023, easing from a revised 22.9 percent fall in the previous month.
Job advertisements in Australia edged down by 0.1 percent month-over-month in September 2023, after a downwardly revised 1.7 percent growth a month earlier.
Markets in South Korea and mainland China are closed for their respective holidays.
In the U.S. on Monday, all three major indexes ended mixed, while Treasury yields surged as a bond sell-off resumed on the first trading day of 2023’s last quarter. The tech-heavy Nasdaq Composite led the three major averages, rising 0.67% to close at 13,307.77 points. The benchmark S&P 500 ended little changed at 4,288.41 points, while the blue-chip Dow slipped 0.22% to settle at 33,433.35 points.
The dollar scaled fresh ten-month highs and the 10-year US yield rallied to its highest levels since 2007 as strong US economic data bolstered the view that the Federal Reserve will keep interest rates higher for longer.
Oil prices dipped in early Asian trade on Tuesday on strong U.S. dollar, profit taking. Brent futures for December delivery fell 34 cents, or 0.4%, to $90.37 a barrel by 0002 GMT. U.S. West Texas Intermediate crude declined 29 cents, or 0.3%, to $88.53 per barrel.
WTI crude futures fell toward $88 per barrel on Tuesday, sliding for the fourth straight session as investors lightened holdings of risk assets amid a strong dollar and surging Treasury yields.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures were little changed on Tuesday after the major averages ended mixed in the last session: Dow -0.21%; S&P 500 -0.17%; Nasdaq -0.26%.
ETFs: (JEQ), (EWJ), (DXJ), (FXY), (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).