Asian stock markets fluctuate, Indian stock market falls over 1%, yen rises, Japanese stocks close lower
Asian stock markets fluctuated, with the Indian stock market down 1.15% and Japanese stocks closing down 0.2%. The market is focused on interest rate decisions from the Federal Reserve and other central banks, with expectations that the Federal Reserve will cut rates by 25 basis points. The Japanese yen briefly fell below 154 against the US dollar, ending a six-day decline. The yield on Japan's 10-year government bonds reached its highest level since July. Spot gold rose to $2,653.69 per ounce. Investment should be approached with caution; this article does not constitute personal investment advice
On Tuesday, December 17, the market is awaiting a series of interest rate decisions from central banks around the world, including the Federal Reserve this week. The money market has nearly 100% expectation for a 25 basis point rate cut by the Federal Reserve, leading to fluctuations in Asian stock markets.
The Japanese yen fell below the 154 mark against the US dollar overnight, ending a six-day decline. Pricing in the Japanese swap market shows that traders expect less than a 20% chance of a rate hike by the Bank of Japan in December.
The Nikkei 225 index closed down 0.2%, at 39,364.68 points. The Tokyo Stock Exchange index fell 0.4%, at 2,728.20 points.
The Korea Composite Stock Price Index fell 1.28%, the Indian SENSEX30 fell 1.15%, and the Australian S&P 200 index rose 0.78%.
The yield on Japan's 10-year government bonds briefly touched 1.1%, the highest level since July.
The US dollar fell against the yen, currently at 154.09; the Swiss franc hit a five-month low against the dollar, with USD/CHF rising 0.2% to 0.8959.
Spot gold rose, currently at $2,653.69 per ounce.
The Korea Composite Stock Price Index fell 1.28%, the Indian SENSEX30 fell 1.15%, and the Australian S&P 200 index rose 0.78%.
The US dollar fell against the yen, currently at 154.09.
Spot gold rose, currently at $2,653.69 per ounce.
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The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk