The logo of the Tokyo Stock Exchange is on display in Tokyo.
Akio Kon is depicted in the photo.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| Nikkei 225 Index | *NIKKEI | 26491.85 | -80.02 | -0.3 | |
| Hang Seng Index | *HSI | 17860.31 | 0 | 0 | |
| S&P/ASX 200 | *ASX 200 | 6509.5 | 13.3 | 0.2 | |
| Shanghai | *SHANGHAI | 3093.86 | 0 | 0 | |
| KOSPI Index | *KOSPI | 2205.09 | -18.77 | -0.84 | |
| CNBC 100 ASIA IDX | *CNBC 100 | 7092.92 | -26.06 | -0.37 |
The index gave up earlier gains of around 400 points at the end of the day. The index was up by a small margin.
Sarah Min and Jesse Pound worked for CNBC.
The S&P 500 has fallen for six days in a row and many people are seeing broad selling.
A contrarian buy signal on Wall Street can sometimes be a sign that the selling is over. In the event of a recession, the earnings expectations for next year are still showing solid growth.
Andrew Smith, chief investment strategist of Delos Capital Advisors in Dallas, said that if we start seeing a turn in the 2-year yields, that will give us the ability to bounce from oversold conditions. I don't think the earnings story will be as good as we expected.
Smith said that the dramatic moves in the bond and currency markets mean that something broke and it may be smart to wait for that information to come out.
Smith pointed to a strong labor market and signs of continued spending on travel as signs that the U.S. economy may be able to avoid a recession.
The person is Jesse Pound.
The 10-year Treasury yield has not been this low since 2010
The benchmark yield is the U.S. 10-year. The U.K. gilt yields have raced higher this week.
The yield was low in the afternoon. The 10-year yield gained a bit of ground. The basis point is the percentage point.
Ben Jeffery of the Bank of Montreal said that no one is yet willing to catch the falling knife. A lack of cash has been pushing up yields.
The line chart has a lot of data points.
The time is displayed on the X axis. The range is from the first day of January to the last day of September.
There is a Y axis on the chart. The range is 1 to five.
The end of the chart.
The yield was moving higher prior to the auction.
The 10-year tested 4% in 2010 according to him. In 2008 we were above 4%. There is a technical level at 4% and then there is not a lot of note until 4%.
The name of the person is: Patti Domm.
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