2023-10-03 01:18:33
The Tokyo Stock Exchange was in decline on Tuesday morning, October 3, after the mixed close on Wall Street, mainly supported the day before by its technology stocks in a market tense by the rise in bond rates in the United States. The flagship Nikkei index lost 1.02% to 31,435.96 points around 00:55 GMT and the broader Topix index dropped 0.89% to 2,293.77 points.
Investors on the New York Stock Exchange kept their eyes focused on the bond market on Monday, where the yield on ten-year US government bonds reached 4.70%, the highest in almost 16 years. Also after the publication of the ISM index showing slightly improving manufacturing activity in the United States in September, Wall Street players “remained on their guard, carefully examining the correlation between economic growth and interest rates,” he said. commented Stephen Innes in a note from SPI Asset Management.
Oil stocks in decline
Japanese oil and gas stocks suffered from the fall in oil prices, weighed down on Monday by the rise in American bond rates which raises fears of a strangulation of the economy and thus the demand for black gold: Idemitsu Kosan fell by 3.82 %, Eneos Holdings by 4.08% and Inpex Corp by 5.1%.
Black gold continues its decline
The yen remained weak against the dollar, which was worth 149.87 yen around 01:00 GMT against 149.86 yen on Monday at 21:00 GMT. The euro fell slightly to 156.96 yen against 157.01 yen the day before, and was worth 1.0474 dollars against 1.0477 dollars on Monday.
Oil continued its decline: around 00:50 GMT the barrel of American WTI dropped 0.54% to 88.34 dollars and that of Brent from the North Sea also fell 0.54% to 90.22 dollars.
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