Asia shares slip, China inflation surprisingly soft

Quick Summary:

SYDNEY: Asian share markets slid on Monday (Sep 9) after worries about a possible US economic downturn slugged Wall Street, though US stock futures did rally from an early dip and bond yields came off their lows.

Bonds ran into some profit-taking on Monday as two-year yields nudged up to 3.690 per cent and the 10-year to 3.743 per cent, though the curve was still near its steepest since mid-2022.

On a brighter note, S&P 500 futures and Nasdaq futures both edged up 0.2 per cent following Friday's slide.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapanSouth Korea

Topics: Global Data Japan Yields Futures Friday Cent Markets Week Prices Us$1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 08:35:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 785 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22417433

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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