Asia Morning Call-Global Markets

Reuters
20 Feb
UPDATE 1-Asia Morning Call-Global Markets

Feb 20 (Reuters) -

Stock Markets

Net Chng

Stock Markets

Net Chng

S&P/ASX 200**

8419.2

NOT AVAILABLE

NZX 50**

13033.36

-17.76

DJIA

44556.92

0.58

NIKKEI**

39164.61

-105.79

Nasdaq

20081.87

40.609

FTSE**

8712.53

-54.2

S&P 500

6143.87

14.29

Hang Seng**

22944.24

-32.57

SPI 200 Fut

8352

-34

STI**

3934.04

8.48

SSEC**

3351.5392

27.0486

KOSPI**

2671.52

44.71

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

Bonds

Bonds

JP 10 YR Bond

1.435

0.005

KR 10 YR Bond

10170.08

-9.47

AU 10 YR Bond

91.955

0.05

US 10 YR Bond

100.671875

0.03125

NZ 10 YR Bond

98.282

-0.039

US 30 YR Bond

97.71875

-0.09375

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

Currencies

SGD US$

1.3429

-0.0008

KRW US$

1,439.72

-0.99

AUD US$

0.63470

-0.00070

NZD US$

0.5703

0.0004

EUR US$

1.0425

-0.0020

Yen US$

151.51

-0.54

THB US$

33.72

0.07

PHP US$

58.110

-0.050

IDR US$

16,330

60

INR US$

86.8900

0.0230

MYR US$

4.4380

-0.0050

TWD US$

32.747

-0.018

CNY US$

7.2833

0.0047

HKD US$

7.7777

0.0032

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

Commodities

Spot Gold

2932.24

-3.34

Silver (Lon)

32.735

-0.1341

U.S. Gold Fut

2947.8

-1.2

Brent Crude

76.00

0.16

Iron Ore

CNY820.5

2.5

TRJCRB Index

-

-

TOCOM Rubber

371.1

1.8

Copper

9442

-30

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

** indicates closing price

All prices as of 2005 GMT

EQUITIES

GLOBAL - An index of global shares was lower on Wednesday, pressured by choppy trading on Wall Street and a dip in European stocks, as U.S. President Donald Trump's latest tariff threats on auto, semiconductor and pharmaceutical imports injected a sense of caution into the markets.

MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.26% to 885.34.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - U.S. stocks wavered between slight gains and losses on Wednesday as investors parsed the minutes from the Federal Reserve's January policy meeting and digested the latest tariff announcements from U.S. President Donald Trump.

The Dow Jones Industrial Average .DJI fell 134.61 points, or 0.30%, to 44,421.73, the S&P 500 .SPX gained 3.48 points, or 0.06%, at 6,133.06 and the Nasdaq Composite .IXIC edged up 5.51 points, or 0.03%, to 20,046.77.

For a full report, click on .N

- - - -

LONDON - Europe's main STOXX index logged its biggest daily drop since the start of this year on Wednesday as expectations escalated of a damaging trade war following U.S. President Donald Trump's latest tariff threats.

The pan-European STOXX 600 index .STOXX dropped 0.9%.

For a full report, click on .EU

- - - -

TOKYO - Japanese shares ended lower on Wednesday, dragged by a decline in automakers after U.S. President Donald Trump's auto tariff threat.

The Nikkei share average .N225 ended 0.27% lower at 39,164.61.

For a full report, click on .T

- - - -

SHANGHAI - China shares closed up on Wednesday, as gains in artificial intelligence $(AI)$-related firms continued to lift market sentiment, while Hong Kong equities slipped as investors booked profits on some technology stocks.

China's blue-chip CSI 300 index .CSI300 ended 0.7% higher, while the Shanghai Composite Index .SSEC gained 0.8%.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares are set to continue their downtrend into the fourth consecutive session on Thursday, with investors focusing on earnings from blue-chip companies including Rio Tinto which reported its smallest full-year profit in five years.

The local share price index futures YAPcm1 fell 0.5%, a 75.2-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended at its lowest level in two weeks on Wednesday.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares closed higher for a seventh straight session on Wednesday, as chip stocks rose tracking their U.S. peers. The won was flat, while the benchmark bond yield rose.

The benchmark KOSPI .KS11 closed up 44.71 points, or 1.70%, at 2,671.52.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - Safe-haven currencies led by the U.S. dollar and yen gained on Wednesday, as market jitters escalated amid the latest round of tariff threats from U.S. President Donald Trump and contentious talks to end the Russia-Ukraine war.

The dollar index =USD, which essentially is a reverse proxy for the euro because the latter is the largest component of the index, last stood at 107.15, up 0.1%, after dropping 1.2% last week.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan slipped against the dollar on Wednesday, dragged lower by rising buying interest in the greenback while investors remained cautious trade relations between the world's two largest economies.

As of 0244 GMT, the onshore yuan CNY=CFXS was 0.13% lower at 7.2828 to the dollar.

For a full report, click on CNY/

- - - -

AUSTRALIA - The New Zealand dollar bounced on Wednesday after the country's central bank delivered another outsized rate cut, but signalled further moves would be smaller in size and the end of the easing cycle was now not too distant.

That led to classic sell on the rumour buy on the fact reaction, with the kiwi dollar rallying to $0.5715 NZD=D3 from an initial $0.5675 low.

The hawkish outlook kept the Aussie steady at $0.6356 AUD=D3, having hardly budged on the rate cut. Resistance lies at $0.6374 and the 100-day moving average at $0.6417.

For a full report, click on AUD/

- - - -

SEOUL - The South Korean won was steady against the dollar on Wednesday.

The won was quoted at 1,439.5 per dollar on the onshore settlement platform KRW=KFTC.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - Treasury yields rose on Wednesday as investors evaluated the likely impact of tariffs planned by U.S. President Donald Trump and before the U.S. Treasury will sell 20-year bonds and the Federal Reserve will release minutes from its latest meeting.

The yield on benchmark U.S. 10-year notes US10YT=RR was last up 1.4 basis points on the day at 4.558%.

For a full report, click on US/

- - - -

LONDON - Euro zone government bond yields rose to their highest in more than two weeks on Wednesday as investors focused on potential extra borrowing amid U.S.-Russia talks on Ukraine and comments from a European Central Bank official floating a pause to rate cuts.

Germany's 10-year yield DE10YT=RR, the benchmark for the euro zone bloc, rose 4 basis points to 2.17% after hitting 2.19%, the highest since January 30.

For a full report, click on GVD/EUR

- - - -

TOKYO - Japanese government bond yields fell on Wednesday as investors bought back bonds after they found remarks from a Bank of Japan board member were not as hawkish as the market had expected.

Still, the 10-year JGB yield JP10YTN=JBTC inched up 0.5 bp to 1.435%, its highest since November 2009.

For a full report, click on JP/

COMMODITIES

GOLD - Gold prices slipped after hitting a record high earlier on Wednesday as the dollar rose, while U.S. President Donald Trump's latest tariff threats kept investors on edge.

Spot gold XAU= lost 0.2% to $2,928.49 per ounce as of 2:19 p.m. ET (19:19 GMT).

For a full report, click on GOL/

- - - -

IRON ORE - Dalian iron ore futures prices extended gains to a second session on Wednesday, supported by expectations of improving demand and fewer portside arrivals that would lead to large destocking at major ports in top consumer China.

The most-traded May iron ore contract on China's Dalian Commodity Exchange DCIOcv1 ended daytime trade 1.48% higher at 820.50 yuan ($112.66) a metric ton.

For a full report, click on IRONORE/

- - - -

BASE METALS - Aluminium prices hit a one-month high on Wednesday as European Union envoys agreed to ban Russian primary aluminium imports in their 16th sanctions package to be adopted on Monday to mark the third anniversary of Russia's full invasion of Ukraine.

Three-month aluminium CMAL3 on the London Metal Exchange was up 0.5% at $2,680.50 a metric ton by 1700 GMT, after hitting $2,704 for its highest since January 20.

For a full report, click on MET/L

- - - -

OIL - Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine.

Brent LCOc1 futures rose 20 cents, or 0.3%, to settle at $76.04 a barrel.

For a full report, click on O/R

- - - -

PALM OIL - Malaysian palm oil futures settled more than 3% higher on Wednesday, buoyed by stronger rival edible oils and production concerns, while increased buying ahead of a major industry conference also supported prices.

The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange gained 169 ringgit, or 3.75%, closing at 4,673 ringgit ($1,052.95) a metric ton, after reaching an intraday high of 4,695 ringgit.

For a full report, click on POI/

- - - -

RUBBER - Japanese rubber futures retreated on Wednesday, as fresh tariff threats from U.S. President Donald Trump on automobiles dampened demand prospects for the tyre-making material, outweighing supply woes in top producer Thailand.

The Osaka Exchange rubber contract for July delivery JRUc6, 0#2JRU: ended daytime trade 4.8 yen lower, or 1.28%, at 369.3 yen ($2.44) 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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