Asian stocks, much like those in the US before them, have begun Thursday’s trading session deep in the red.
Having soared by 7.71% yesterday — the largest percentage increase since October 2008 and eighth-largest in the past 50 years — the Nikkei has given back around half those gains in just 15 minutes of trading. The index currently sits at 18,153.72, a decline of 3.29%.
Elsewhere, stocks in Australia and South Korea are down 1.77% and 0.70%, respectively. US futures are also lower by 0.37%.
In currency markets, the Australian and New Zealand dollars — having starred yesterday — are back under the pump this morning. Following a rate cut and dovish monetary policy statement from the Reserve Bank of New Zealand, the Kiwi is down close to 2%. The Aussie, down 0.87%, is falling in sympathy with its antipodean companion.
Looking ahead, Chinese CPI and PPI figures, along with Australian employment data for August, will be released at 11:30 a.m. Australian Eastern Standard Time.
Here’s the full Asian scoreboard so far Thursday:
Stocks
- ASX 200: 5,128.60 , -92.53 , -1.77%
- Nikkei 225: 18,153.72 , -616.79 , -3.29%
- KOSPI: 1,920.58 , -13.62 , -0.70%
- S&P 500 Futures: 1,935.50 , -7.25 , -0.37%
Forex
- USD/JPY: 120.1 , -0.38 , -0.32%
- USD/CNY: 6.3768 , 0.0111 , 0.17%
- AUD/USD: 0.6953 , -0.0061 , -0.87%
- NZD/USD: 0.6260 , -0.0125 , -1.96%
- AUD/JPY: 83.51 , -0.99 , -1.17%
- EUR/USD: 1.1236 , 0.0032 , 0.29%
- GBP/USD: 1.5358 , -0.0005 , -0.03%
- USD INDEX: 95.862 , -0.1500 , -0.16%
Commodities
- Gold: $1,107.36 , $1.66 , 0.15%
- Silver: $14.61 , $0.00 , 0.00%
- WTI Futures: $44.08 , -$0.07 , -0.16%
- Copper Futures: $2.432 , -$0.01 -0.45%
- Iron Ore Futures: ¥397.50 , ¥0.00 , 0.00%
10-Year Bond Yields
- Australia: 2.709%
- New Zealand: 3.335%
- Japan: 0.353%
- Germany: 0.704%
- UK: 1.877%
- US: 2.183%
As reported by Business Insider