Asia-Pacific stock markets rose on Thursday after heavy losses in some regional markets

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SINGAPORE-Asia-Pacific stock markets rose in early trading on Friday after some regional markets suffered heavy losses the previous trading day as investors continued to assess the impact of the Fed’s tightening policy that may be faster than expected.

The Nikkei 225 index rose 0.78% in early trading, partially recovering from Thursday’s nearly 3% drop. The Topix Index rose 0.51%.

The Korea Composite Index rose 0.52%. The Australian stock market rose in early trading, with the S&P/ASX 200 index rising 1.32%.

The MSCI Asia Pacific’s broadest index outside of Japan rose 0.29%.

CNBC Pro’s stock selection and investment trends:

Since the minutes of the Fed’s December meeting announced earlier this week that Fed officials are ready to actively withdraw policy aid, the market has been frightened and has fallen sharply.

The yield on the benchmark U.S. 10-year Treasury note rose to 1.75% on Thursday, and finally 1.7228%-still 1.51% after the end of 2021, but still much higher. The rate of return is inversely proportional to the price.

Overnight on Wall Street, the Dow Jones Industrial Average fell 170.64 points to 36,236.47, while the S&P 500 index fell about 0.1% to 4,696.05. The Nasdaq Composite Index fell 0.13% to approximately 15,080.87.

currency

The U.S. dollar index, which tracks the U.S. dollar against a basket of currencies, reported 96.32, staying above the level below 96 earlier this week.

The yen-dollar exchange rate was 115.87, which was higher than the 116-plus-dollar level seen yesterday. After falling from above US$0.72 yesterday, the Australian dollar traded at US$0.7164 against the US dollar.


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