25 Jun 2013
Big reversal to the upside in the Asia-Pacific
FXstreet.com (Barcelona) - Asia-Pacific stock markets have reversed to the upside after a negative start, with US futures also heading to session highs, lead by Nikkei index and Yen weakness. The Nikkei is up +1.18% above the 13200 points following a weak opening sending the index below the 13k points mark at the start, down -0.7%.
The only local shares market still in the red is the Shanghai Composite index which is down -0.57%, while Hong-Kong's Hang-Seng is higher by +0.69%, Australian ASX up +0.29%, and Korean Kospi up +0.45%. US Treasury yields keep holding above the 2.5% level for the 10 year bond, last around 2.53%, close to fresh 2-year highs.
The only local shares market still in the red is the Shanghai Composite index which is down -0.57%, while Hong-Kong's Hang-Seng is higher by +0.69%, Australian ASX up +0.29%, and Korean Kospi up +0.45%. US Treasury yields keep holding above the 2.5% level for the 10 year bond, last around 2.53%, close to fresh 2-year highs.