May 24, 2018 / 9:33 PM / a month ago

UPDATE 1-Asia Morning Call-Global Markets

    May 25 (Reuters) - 
 Stock Markets                  Net Chng    Stock Markets                    Net Chng
 S&P/ASX 200**   6,037.10       4.60        NZX 50**            8,590.77     37.54
 DJIA**          24,811.76      -75.05      NIKKEI**            22,437.01    -252.73
 Nasdaq**        7,424.429      -1.526      FTSE**              7,716.74     -71.70
 S&P 500**       2,727.76       -5.53       Hang Seng**         30,760.41    94.77
 SPI 200 Fut     6,016          -27.00      STI**               3,528.92     32.65
 SSEC**          3,154.8936     -14.07      KOSPI**             2,466.01     -5.90
 --------------------------------------------------------------------------------------
--
 Bonds                          Net Chng    Bonds                            Net Chng
 JP 10 YR Bond   0.045          0           KR 10 YR Bond       2.719        -0.036
 AU 10 YR Bond   2.806          0.001       US 10 YR Bond       2.977        -0.026
 NZ 10 YR Bond   2.79           -0.01       US 30 YR Bond       3.1266       -0.042
 --------------------------------------------------------------------------------------
--    
 Currencies                     Net Chng                                     Net Chng
 SGD US$         1.3393         0.0003      KRW US$             1,080.45     -0.24
 AUD US$         0.7578         0           NZD US$             0.6927       0.0006
 EUR US$         1.1721         0.0002      Yen US$             109.26       0.02
 THB US$         32.01          0.03        PHP US$             52.482       0.027
 IDR US$         14,130         -72         INR US$             68.33        -0.03
 MYR US$         3.979          -0.001      TWD US$             29.93        -0.03
 CNY US$         6.377          -0.0118     HKD US$             7.8473       -0.0004
 --------------------------------------------------------------------------------------
--     
 Commodities                    Net Chng                                     Net Chng
 Spot Gold       1,304.47       11.47       Silver (Lon)        16.626       0.206
 U.S. Gold Fut   1,304          14.4        Brent Crude         78.83        -0.97
 Iron Ore        CNY462         4.5         TRJCRB Index        -            -
 TOCOM Rubber    JPY194.6       0.8         LME Copper          6,910.5      43.5
 ---------------------------------------------------------------------------------------
--  
    ** indicates closing price 
    All prices as of 21:28 GMT
    
    EQUITIES

    GLOBAL - Shares sank worldwide on Thursday as U.S. President Donald Trump canceled
a planned June meeting with North Korean leader Kim Jong Un, while tariff fears hit
auto stocks and safety buying ramped up.
    Trump, in a letter to North Korea released by the White House, called off the June
12 summit, citing "tremendous anger and open hostility" in a recent statement by
Pyongyang. The cancellation came even after North Korea followed through on a pledge to
blow up tunnels at its nuclear test site. 
    For a full report, click on
    
    - - - -
    
    NEW YORK -  U.S. stocks ended down slightly on Thursday after President Donald
Trump canceled a planned summit with North Korea's Kim Jong Un and ordered a probe of
auto imports, while gains in Netflix pushed its market value to a record.
    The Dow Jones Industrial Average fell 75.05 points, or 0.3 percent, to
24,811.76, the S&P 500 lost 5.53 points, or 0.20 percent, to 2,727.76 and the
Nasdaq Composite dropped 1.53 points, or 0.02 percent, to 7,424.43.


    For a full report, click on
    
    - - - -
    
    LONDON - European stocks fell on Thursday as carmaker shares came under pressure
after the United States launched an investigation into auto imports, while Deutsche
Bank dropped after announcing thousands of job cuts.
    The STOXX 600 index fell 0.5 percent to an 8-day low, reversing earlier
gains as global equities came under pressure after U.S. President Donald Trump
cancelled a planned meeting with North Korean leader Kim Jong Un.
    For a full report, click on

    - - - -
    
    TOKYO - Japan's Nikkei share average fell to more than two-week lows on Thursday as
automakers slumped after the Trump administration launched a national security
investigation into car and truck imports that could lead to new U.S. tariffs.
    The Nikkei ended 1.1 percent lower at 22,437.01, the lowest closing since
May 9.
    The Nikkei volatility index soared to 18.29, the highest level since
mid-April.
    For a full report, click on
    
    - - - -
    
    SHANGHAI - China stocks extended losses on Thursday, after falling the most in a
month in the previous session, as caution prevailed amid renewed concerns over
China-U.S. trade tensions.
    The blue-chip CSI300 index closed down 0.7 percent at 3,827.22 points,
while the Shanghai Composite Index ended 0.5 percent lower at 3,154.65 points.
    For a full report, click on
    
    - - - -
    
    AUSTRALIA - Australian shares are poised to decline on Friday, mirroring weakness
in Wall Street which closed lower overnight after  President Donald Trump called off a
planned summit with North Korea's Kim Jong Un.
    Aussie energy stocks are seen dragged down due to weaker oil prices on worries on
the Organization of the Petroleum Exporting Countries lifting output cuts in place
since the start of 2017.
    The local share price index futures fell 0.45 percent or 27 points to
6,016, a 21.1-point discount to the underlying S&P/ASX 200 index close. The
benchmark gained 0.1 percent on Thursday.
    For a full report, click on
    
    - - - -
    
    SEOUL - South Korea's KOSPI stock index weakened on Thursday. The Korean
won held steady, while bond yields fell.
    The Bank of Korea kept its interest rate unchanged at its May policy meeting, which
was largely shrugged off by the market as it was pretty much expected.
    For a full report, click on
    
    - - - -
    
    FOREIGN EXCHANGE

    NEW YORK - The dollar slipped against a basket of currencies on Thursday and hit a
two-week low against the Japanese yen, after U.S. President Donald Trump scrapped a
summit meeting with North Korean leader Kim Jong Un and as traders booked profits
following the greenback's recent rally.
    Trump called off a historic summit with the North Korean leader citing Pyongyang's
"open hostility," and warned that the U.S. military was ready in the event of any
reckless acts by North Korea. 
    For a full report, click on

    - - - -
    
    SHANGHAI - China's yuan inched lower against the U.S. dollar on Thursday on a
slightly weakened official yuan midpoint, after the greenback strengthened against the
euro on concerns about economic and political risks in the common currency bloc.
    A subsequent pullback in the U.S. currency following slightly dovish Federal
Reserve meeting minutes and threats by U.S. President Donald Trump of new tariffs on
imported cars created demand among corporate buyers looking for cheaper dollars.
    For a full report, click on
    
    - - - -
    
    AUSTRALIA - The Australian and New Zealand dollars rebounded on Thursday, as the
greenback lost momentum after minutes of the Federal Reserve's last policy meeting were
seen as dovish, but gains were tempered on renewed fears of a U.S.-led trade war.
    The Australian dollar added 0.1 percent to $0.7565 from a low of $0.7523
touched on Wednesday. The Aussie has fallen in each of the past three months but is set
for a small gain in May.
    For a full report, click on
    
    - - - -
    
    SEOUL - South Korea's KOSPI stock index weakened on Thursday. The Korean
won held steady, while bond yields fell.
    The won was quoted at 1,079.6 per dollar on the onshore settlement platform
, 0.1 percent firmer than its previous close at 1,080.7.
    For a full report, click on
    
    - - - -
    
    TREASURIES
    
    NEW YORK - U.S. Treasury yields fell on Thursday on safety buying after President
Donald Trump called off a planned summit with North Korean leader Kim Jong Un and as
the Turkish lira renewed its decline.
    Trump cited Pyongyang's "open hostility," and warned that the U.S. military was
ready in the event of any reckless acts by North Korea.
    For a full report, click on
    
    - - - -
    
    LONDON - Germany's 10-year government bond yield dropped to its lowest since early
January on Thursday after U.S. President Donald Trump on Thursday called off a planned
summit with North Korean leader Kim Jong Un.
    The White House announcement sparked a rush into safe haven assets including euro
zone government bonds and the Japanese yen.
    For a full report, click on
    
    - - - -
    
    TOKYO - Most Japanese government bonds were little changed on Thursday but some
super-long bonds firmed slightly as Japanese share prices tumbled for the third
consecutive day, boosting the allure of government bonds.
    While the market is supported by the Bank of Japan's massive bond buying programme,
few investors are eager to buy JGBs at current levels after bond yields saw a
substantial rise globally in the past few weeks.
    For a full report, click on
 
    
    COMMODITIES
    
    GOLD

    Gold prices surged on Thursday, propelled above $1,300 per ounce as the U.S. dollar
faded after U.S. President Donald Trump called off a summit with North Korea, stoking
political tensions.
    Spot gold gained 0.9 percent at $1,305.18 per ounce by 1:34 p.m. EDT (1734
GMT), earlier hitting $1,306.56, a nine-day high. U.S. gold futures for June
delivery settled up $14.80, or 1.2 percent, at $1,304.40 per ounce.
    For a full report, click on
    
    - - - -
    
    IRON ORE
    
    Chinese steel and iron ore futures closed higher for the first time in seven
sessions on Thursday on expectation that the recent sell-off has reached its limit.
    The most-traded steel rebar contract, for October delivery, on the Shanghai Futures
Exchange recovered from an early fall to close 1.2 percent higher at 3,583
yuan ($561.19) a tonne. Iron ore futures on the Dalian Commodity Exchange
rose 1.1 percent to 459.5 yuan a tonne.
    For a full report, click on
    
    - - - -
    
    BASE METALS
    
    Lead hit its highest in nearly three months on Thursday as a plunge in available
LME warehouse stocks fed into this week's price rally, while copper edged up after the
previous session's sharp losses.
    Lead is the biggest riser among industrial metals this week, climbing more than 7
percent since last Friday's close.
    For a full report, click on
    
    - - - -
    
    OIL
    
    Oil prices fell about $1 on Thursday, with expectations building that reduced
supplies from Venezuela and Iran could prompt OPEC to wind down output cuts in place
since the start of 2017.
    Brent crude futures fell $1.01 to settle at $78.79 a barrel, a 1.27 percent
loss. U.S. West Texas Intermediate (WTI) crude futures fell $1.13 to settle at
$70.71 a barrel, a 1.57 percent loss.
    For a full report, click on
    
    - - - -
    
    PALM OIL
    
    Malaysian palm oil futures rose to a seven-week high on Thursday evening, tracking
gains in U.S. soyoil and supported by a weaker ringgit.
    Palm oil prices typically rise on a weaker ringgit, its currency of trade,
because it makes the edible oil cheaper for foreign buyers. The ringgit weakened as
much as 0.2 percent against the dollar before closing the day with a 0.03 percent gain
at 3.9790.
    The palm oil contract for August delivery on the Bursa Malaysia
Derivatives Exchange was up 0.8 percent at 2,492 ringgit ($626.29) a tonne at the end
of the trading day.
    For a full report, click on
    
    - - - -
    
    RUBBER
    
    Benchmark Tokyo rubber futures closed lower on Thursday on renewed trade tensions
after Washington launched a national security probe into auto imports and U.S.
President Donald Trump's comments suggested setbacks in their talks with China.
    The Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery,
 finished 2.7 yen lower at 193.8 yen ($1.77) per kg.
    For a full report, click on
    
    - - - -

 (Bengaluru Bureau; +91 80 6749 1130)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below