Asia Morning Call-Global Markets

Reuters
04 Feb
Asia Morning Call-Global Markets

Feb 4 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8379.4

-152.9

NZX 50**

12810.32

-184.69

DJIA

44422.3

-122.36

NIKKEI**

38520.09

-1052.4

Nasdaq

19389.17

-238.271

FTSE**

8583.56

-90.4

S&P 500

5993.43

-47.1

Hang Seng**

20217.26

-7.85

SPI 200 Fut

8400

54

STI**

3826.47

-29.35

SSEC**

3250.6007

-2.0257

KOSPI**

2453.95

-63.42

----------------------------------------------------------------------------------------

Bonds

Bonds

JP 10 YR Bond

1.245

0.005

KR 10 YR Bond

10189.19

20.58

AU 10 YR Bond

92.982

0.077

US 10 YR Bond

97.84375

0.328125

NZ 10 YR Bond

99.563

-0.041

US 30 YR Bond

95.953125

0.875

----------------------------------------------------------------------------------------

Currencies

SGD US$

1.3621

0.0038

KRW US$

1460.61

4.91

AUD US$

0.6175

-0.0036

NZD US$

0.5588

-0.0048

EUR US$

1.0281

-0.0081

Yen US$

154.73

-0.45

THB US$

33.90

0.13

PHP US$

58.485

0.074

IDR US$

16430

135

INR US$

86.9600

0.424

MYR US$

4.4700

0.02

TWD US$

33.046

0.077

CNY US$

7.2507

0.0067

HKD US$

7.7933

0.0012

----------------------------------------------------------------------------------------

Commodities

Spot Gold

2819.28

18.28

Silver (Lon)

31.58

0.2763

U.S. Gold Fut

2856.6

21.6

Brent Crude

75.49

2.01

Iron Ore

CNY810.5

4

TRJCRB Index

-

-

TOCOM Rubber

386.2

-4.8

LME Copper

9122

74

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1822 GMT

EQUITIES

GLOBAL - U.S. stocks joined a worldwide sell-off on Monday as fears that U.S. President Donald Trump's tariffs on Canada, Mexico and China could ignite a global trade war, but their losses eased after tariffs on Mexican imports were paused.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 10.35 points, or 1.19%, to 858.69.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - Wall Street's main indexes pared losses on Monday, as U.S. President Donald Trump delayed new tariffs on Mexico after his orders to levy steep tariffs on key trading partners sparked a global scramble to safe-haven assets earlier in the session.

At 11:58 a.m. ET, the Dow Jones Industrial Average .DJI fell 151.08 points, or 0.34%, to 44,393.58, the S&P 500 .SPX lost 48.59 points, or 0.80%, to 5,991.94 and the Nasdaq Composite .IXIC lost 241.23 points, or 1.23%, to 19,386.11.

For a full report, click on .N

- - - -

LONDON - European shares logged their biggest one-day drop in more than one month on Monday, with automakers leading declines as investors priced-in that U.S. President Donald Trump's latest tariffs could escalate into a broader trade war.

The export-heavy STOXX 600 index .STOXX fell 0.9%, receding from Friday's record close, with Germany's DAX .GDAXI leading declines among regional markets.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei fell more than 2% on Monday in its worst session in four months as concerns over the global economy mounted after U.S. President Donald Trump levied tariffs on Canada, Mexico and China, with automakers leading the decline.

The Nikkei .N225 slipped 2.66% to 38,520.09, its lowest close since Jan. 17.

For a full report, click on .T

- - - -

SHANGHAI - Chinese stocks in Hong Kong and the offshore yuan pared losses as markets reopened after the Lunar New Year holidays, with shock at U.S. President Donald Trump's tariffs outweighed by optimism over domestic AI firms and possible stimulus measures.

Hong Kong's benchmark index .HSI was flat, after dropping as much as 1.7% to a one-week low during the morning session.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian equities suffered their worst day in five months on Monday, caught up in the global stocks sell-off as U.S. President Donald Trump's tariffs on imports from China fuelled fears of a global trade war.

The S&P/ASX 200 index .AXJO fell 1.8%, its steepest one-day drop since Sept. 4, to end at 8,379.4, recovering slightly after hitting a two-week low earlier in the session.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares closed down on Monday after U.S. President Donald Trump announced tariffs on imports from Canada, Mexico and China, sparking fears of a hit to global trade demand. The won weakened, while the benchmark bond yield fell.

The benchmark KOSPI .KS11 closed down 63.42 points, or 2.52%, at 2,453.95.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The dollar index was lower on Monday after U.S. President Donald Trump paused new tariffs on Mexico for one month, after the country agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, Trump said.

The dollar index =USD was down 0.639% at 108.81. It had touched a three-week high of 109.88 in early trading.

For a full report, click on USD/

- - - -

SHANGHAI - Mainland China's stocks, bond, foreign exchange and commodity futures markets will be closed from Tuesday, Jan. 28 for the Lunar New Year holiday.

Markets will resume trade on Wednesday, Feb. 5.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian dollar sank to a near five-year low on Monday as the threat of a global trade war hit risk sentiment and currencies of countries with a heavy reliance on exports.

The Aussie slid 1.9% to $0.6091 AUD=D3 breaking the January trough of $0.6129.

For a full report, click on AUD/

- - - -

SEOUL - The won has gained 0.3% against the dollar so far this year.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S Treasury yields fell on Monday in volatile trading as investors sought cover in the safety of government debt on worries about the inflationary and growth impact of U.S. President Donald Trump's tariffs on Canada, Mexico and China.

In late morning trading, the benchmark 10-year Treasury yield US10YT=RR fell 6.3 bps to 4.504%.

For a full report, click on US/

- - - -

LONDON - Euro zone bond yields fell sharply on Monday after U.S. President Donald Trump announced tariffs on Canada, Mexico and China and threatened more on Europe, pushing investors towards the safety of bonds on fears of a widespread trade war.

Germany's 10-year yield DE10YT=RR fell as much as 10 basis points to 2.359%, its lowest since Jan. 3, but last traded six bps lower at 2.398%.

For a full report, click on GVD/EUR

- - - -

TOKYO - Yields on shorter-ended Japanese government bonds retreated from multi-year highs touched in early trade on Monday, as investors bought safe-haven assets after local stocks tumbled on U.S. tariff concerns.

The 10-year JGB yield JP10YTN=JBTC was last flat at 1.24% after rising to 1.26%, its highest since April 2011, earlier in the session.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices hit an all-time high on Monday, bolstered by safe-haven inflows after U.S. President Donald Trump's tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth.

Spot gold XAU= rose 0.7% to $2,821.62 per ounce by 11:22 a.m. ET (1622 GMT), after hitting a record of $2,830.49 earlier in the session.

For a full report, click on GOL/

- - - -

IRON ORE - The Dalian Commodity Exchange and the Shanghai Futures Exchange will be closed from Jan. 28 to Feb. 4 for the week-long Lunar New Year holiday break in China, the bourses said.

Reuters will have no ferrous metals market report IRONORE/ during the period.

The report will resume on Wednesday, Feb 5.

For a full report, click on IRONORE/

- - - -

BASE METALS - Industrial metals prices came under pressure on the London Metal Exchange on Monday, with copper hitting a four-week low, pressured by worries that U.S. import tariffs would curb economic growth and demand.

Benchmark LME copper CMCU3 firmed 0.5% to $9,098 a metric ton at 1702 GMT as bargain-hunters entered the fray after earlier touching its lowest since Jan. 6 at $8,914.50.

For a full report, click on MET/L

- - - -

OIL - Oil prices edged lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the U.S. had slapped on its southern neighbour.

Brent crude futures LCOc1 were down 14 cents, or 0.2%, at $75.49 a barrel by 10:57 a.m. ET (1557 GMT), having earlier touched a peak of $77.34.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures closed higher for a fifth consecutive session on Monday, supported by stronger Chicago soyoil and firmer crude oil prices.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange gained 84 ringgit, or 1.96%, to close at 4,373 ringgit ($978.30) a metric ton.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures snapped a four-session rally on Monday as U.S. President Donald Trump's tariffs on Canada, Mexico, and China fuelled trade war concerns, though a softer yen and supply snags limited the fall.

The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: ended daytime trade 3.4 yen lower, or 0.86%, at 391 yen ($2.52) per kg.

For a full report, click on RUB/T

- - - -

(Bengaluru Bureau; +91 80 6749 1130)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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