{"id":1650037,"date":"2022-09-20T23:51:52","date_gmt":"2022-09-21T03:51:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1650037"},"modified":"2022-09-20T23:52:20","modified_gmt":"2022-09-21T03:52:20","slug":"asian-stocks-sink-yields-rise-as-markets-brace-for-aggressive-fed","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/asian-stocks-sink-yields-rise-as-markets-brace-for-aggressive-fed\/","title":{"rendered":"Asian stocks sink, yields rise as markets brace for aggressive Fed"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fasian-stocks-sink-yields-rise-as-markets-brace-for-aggressive-fed%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1650037&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Kevin Buckland<\/p>\n<p>TOKYO (Reuters) \u2013     Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve later in the day.<\/p>\n<p>Japan\u2019s Nikkei dropped 1.26% and touched a two-week low. Australia\u2019s benchmark share index slid 1.35% and South Korea\u2019s Kospi fell 0.9%.<\/p>\n<p>Chinese blue chips declined 0.82%, while Hong Kong\u2019s Hang Seng lost 1.26%. <\/p>\n<p>MSCI\u2019s broadest index of Asia-Pacific shares lost 1%.<\/p>\n<p>That follows a sell-off on Wall Street overnight that knocked 1.13% off the S&#038;P 500, although futures pointed to a slightly higher open on Wednesday.<\/p>\n<p>The Fed headlines a week in which more than a dozen central banks announce policy decisions, including the Bank of Japan and Bank of England on Thursday.<\/p>\n<p>Sweden\u2019s Riksbank surprised markets overnight with a full percentage-point hike, and warned of more to come over the next six months.<\/p>\n<p>Despite that, bets for Fed tightening stayed stable. <\/p>\n<p>Markets are pricing in an 81% chance of another 75-basis-point increase, and see a 19% probability of a full percentage point rise.<\/p>\n<p>Global yields rose amid expectations of further tightening.<\/p>\n<p>The two-year U.S. Treasury yield hit an almost 15-year high at 3.992% on Tuesday, and remained elevated at 3.9516% in Tokyo trading, while the 10-year Treasury yield touched its highest in over a decade.<\/p>\n<p>It hit 3.604% for the first time since April 2011, and was last at 3.5473%.<\/p>\n<p>Australia\u2019s benchmark 10-year yield rose to an almost three-month high of 3.789%, and South Korea\u2019s equivalent yield hit the highest since April 2012. <\/p>\n<p>Markets are \u201cseemingly well positioned for a 75bps hike alongside a hawkish update\u201d from the Fed, Taylor Nugent, a markets economist at National Australia Bank in Sydney, wrote in a client note.<\/p>\n<p>\u201cThe post meeting commentary and the updated dots will be key,\u201d said Nugent, adding that the NAB was looking for a policy rate of \u201csomething like 4%\u201d at the end of this year with no rate cuts expected until 2024.<\/p>\n<p>The U.S. dollar index, which measures the currency against six major peers, edged a little higher to 110.22, grinding back toward this month\u2019s 20-year high of 110.79.<\/p>\n<p>The greenback was little changed at 143.64 yen, after twice trying 145 this month, a level last seen 24 years ago.<\/p>\n<p>This week, the BOJ is set to cement its position as the lone dove among the central banks of advanced economies by sticking to its ultra-accomodative policy that pins the 10-year Japanese government bond yield near 0%.<\/p>\n<p>The Bank offered to buy 250 billion yen of bonds in an unscheduled operation on Wednesday to keep yields in check.<\/p>\n<p>Sterling languished around $1.1372, sticking close to Friday\u2019s 37-year low of $1.1351.<\/p>\n<p>Markets are split on whether the BOE will opt for a 50- or a 75-basis-point hike on Thursday.<\/p>\n<p>Meanwhile, crude oil continued its decline amid worries that aggressive tightening by the Fed and other central banks would crimp growth and curb demand.<\/p>\n<p>Brent crude futures dropped 26 cents to $90.36 a barrel after falling $1.38 the previous day.<\/p>\n<p>U.S. West Texas Intermediate crude was at $83.74 a barrel, down 20 cents. The October delivery contract expired down $1.28 on Tuesday while the more active November contract lost $1.42.<\/p>\n<p> (Reporting by Kevin Buckland; Editing by Ana Nicolaci da Costa)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/asian-stocks-sink-yields\/visitors-walk-past-japans-nikkei-stock-prices-quotation-board-inside\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8K02Y-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8K02Y-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Kevin Buckland TOKYO (Reuters) \u2013 Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest rate hike from the U.S. Federal<\/p>\n","protected":false},"author":66,"featured_media":1889089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1650037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/asian-stocks-sink-yields\/?utm_source=rss&utm_medium=rss&utm_campaign=asian-stocks-sink-yields","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1650037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1650037"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1650037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889089"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1650037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1650037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1650037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}