Asian shares come off 11-month lows as Treasuries rally
newscatcher
2023-10-05 03:31
Asian shares come off 11-month lows as Treasuries rally
SYDNEY  – Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labor data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally. Tracking overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent. Japan's Nikkei climbed 1.2 percent. Hong Kong's Hang Seng index advanced 0.3 percent. China's mainland markets remain closed for holidays. Overnight, the rout in Treasuries took a breather after a cooler-than-expected U.

https://business.inquirer.net/424918/asian-shares-come-off-11-month-lows-as-treasuries-rally

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