Japan’s Nikkei share average shook off early disappointment over a smaller-than-anticipated rate cut in China to rise 1% on Monday, as the stock benchmark rebounded from last week’s steep losses. The Nikkei finished the morning session up 0.95% at 31,748.88, just off the session high. Last week, the Nikkei slumped 3.15%, its worst weekly performance […]
Day: January 7, 2023
Bonds rally, stocks drift as China boost fadesBonds rally, stocks drift as China boost fades
Asian equity markets struggled for direction on Tuesday as the bounce from Beijing’s efforts to support stocks ebbed, while bonds rallied and the dollar dipped ahead of U.S. labour and manufacturing data due later in the week. Amid growing expectations those data points could come in soft, U.S. Treasuries extended overnight gains, driving two-year yields […]