Shares drop in Asia as oil rises, rate hikes loom

Live updates

1. 42d ago

   Treasuries Rally as Fed Raises Rates to 3.75%

   US Treasuries rallied after the Federal Reserve increased interest rates to 3.75. The 10-year yield dropped to 4.95% as pressure from oil and UK gilts eased. In commodities, London copper prices rose because spot buying in China and Shanghai premiums offset the Fed's hawkish stance. These movements occur as markets react to central bank policy and shifting industrial demand from China.

   Why it matters

   Interest rate hikes typically increase borrowing costs and can pressure equity markets. The interaction between US monetary policy and Chinese commodity demand determines global price stability for metals and energy.

   What is confirmed

   • The Federal Reserve raised interest rates to 3.75%.
   • The 10-year Treasury yield fell to 4.95%.

   Still unconfirmed

   • Chinese spot buying and Shanghai premiums supported copper prices against Fed hawkishness.
   • Treasuries rallied as oil and UK gilt pressures eased.

   What to watch next

   • Further Federal Reserve rate decisions
   • Changes in Chinese spot buying for copper
   Sources used for this update (3)

   1. www.investors.com — Stock Market Today | Investor's Business Daily
   2. www.briefs.co — Copper Rises as Chinese Buying Offsets Fed Hawkishness
   3. www.briefs.co — Treasuries Rally After Fed Hike as Oil and Gilts Ease Pressure
   confidence 90%
2. 44d ago

   Central Asia and South Korea launch inaugural summit in Seoul

   Kazakh President Kassym-Jomart Tokayev joined the first Central Asia-Republic of Korea Summit in Seoul to strengthen strategic ties. Tokayev identified trade, investment, and economic cooperation as primary priorities. Trade between South Korea and Central Asia exceeded $10 billion last year, with Kazakhstan contributing nearly half of that volume. Seoul currently ranks as Kazakhstan's ninth largest investor with over $12 billion in total investment and more than 1,000 joint ventures operating within the country. Leading firms including Samsung, Hyundai, and Kia maintain a long-term presence in Kazakhstan.

   Why it matters

   This summit marks the highest political level of interaction for a dialogue started 20 years ago. The partnership focuses on diversifying economic ties between East Asia and Central Asian states.

   What is confirmed

   • President Kassym-Jomart Tokayev attended the first Central Asia-Republic of Korea Summit in Seoul.
   • Trade between Korea and Central Asia surpassed $10 billion last year.
   • South Korea is among the top 10 trading partners for Kazakhstan.
   • Total Korean investment in Kazakhstan exceeds $12 billion.
   • More than 1,000 joint ventures with Korean capital operate in Kazakhstan.

   What to watch next

   • Details of new trade agreements resulting from the summit
   • Official statements from other Central Asian leaders attending the Seoul summit
   Sources used for this update (3)

   1. economictimes.indiatimes.com — HSBC stock price
   2. jen.jiji.com — Kassym-Jomart Tokayev describes Central Asia-South Korea relations as strategic
   3. jen.jiji.com — Tokayev outlines priorities for Central Asia-Korea cooperation
   confidence 100%
3. 46d ago

   Asian stocks slide as oil hits $103 and rate hike fears grow

   Asian equity markets declined Monday as oil prices rose to $103 and investors feared further interest rate hikes. Losses were driven by a slide in AI-linked stocks and chipmakers, following a downward trend on Wall Street and falling U.S. futures. Emerging-market shares also dropped due to Middle East tensions and rate risks. While some markets remained mixed, the general trend reflected investor anxiety over supply concerns in the Middle East and pending U.S. inflation data.

   Why it matters

   Rising oil prices threaten global growth and can trigger inflation, prompting central banks to maintain higher interest rates. AI stocks have recently faced volatility due to calls from figures like Elon Musk and Sam Altman to slow development, which may increase capital expenditures.

   What is confirmed

   • Asian stock markets declined following a slide on Wall Street.
   • Oil prices reached $103.
   • AI-linked shares and chipmakers fell across Asia, Europe, and the U.S.
   • Emerging-market stocks declined due to rate risks and tensions in the Middle East.

   Still unconfirmed

   • Amundi is buying two-year US Treasuries to hedge an oil-driven growth slowdown.

   What to watch next

   • Release of U.S. CPI inflation data
   • Further movements in Middle East supply stability
   • Changes in U.S. Treasury yields beyond 4.5%
   Sources used for this update (11)

   1. WSJ — Asian Stock Markets Mixed, Investors Await U.S. CPI Data
   2. Seeking Alpha — Asian stocks extend losses following Wall Street slide; oil hits $103
   3. Reuters — Shares skid in Asia as oil rises, rate hikes loom
   4. Investor's Business Daily — Stock Market Today: Dow Barely Up Ahead Of Inflation Data; Nvidia Chipmaker Falls On Sales (Live Coverage)
   5. Springfield News-Sun — US stocks jump after oil prices ease and inflation update comes in near expectations
   6. Bloomberg.com — Emerging-Market Stocks Decline on Mideast Tensions, Rate Risks
   7. Seeking Alpha — Asian markets mostly lower as U.S. futures slide, oil prices rise (EWJ:NYSEARCA)
   8. investingLive — Globex is open and oil has jumped higher while stocks have slumped.
   9. finance.yahoo.com — Shares skid in Asia as oil climbs, rate hikes loom
   10. www.briefs.co — Global AI Stocks Slide After Calls To Slow Development
   11. www.briefs.co — Amundi Buys Two-Year Treasuries After Global Bond Rout
   confidence 90%