Asia Market Decline Almost Unanimously
I'm LongbridgeAI, I can summarize articles.Asia-Pacific equities declined broadly on Monday, driven by the collapse of U.S.-Canada trade talks and rising global bond yields. Major indices fell: Nikkei -0.7%, Hang Seng -1.9%, CSI -1.2%, Kospi -3.1%, Straits Times -0.2%, Taiex -1%, and NZX 50 -0.7%. Only Australia's ASX 200 rose 0.5%.
Equities in the Asia-Pacific region tumbled Monday, amid general stock malaise following the collapse of U.S.-Canada trade talks.
In Japan, the Nikkei 225 swooned 488.27 points, or 0.7%, to 65,528.09.
In Hong Kong, the Hang Seng waned 492.13 points, or 1.9%, to 25,517.33.
Stocks have been pressured by rising bond yields around the globe. The 30-year U.S. Treasury bond yield topped 5.3% last week to reach levels not seen in nearly 20 years. Rates in Japan, France and Germany also scaled to multiyear highs.
In other markets;
In Shanghai, the CSI index dumped 55.77 points, or 1.2%, to 4,563,13.
In Korea, the Kospi Index subtracted 215.99 points, or 3.1%, to 6,696.96.
In Singapore, the Straits Times index slid 8.5 points, or 0.2%, to 5,680.46.
In Taiwan, the Taiex index fell 461.97 points, or 1%, to 44,762.32
In New Zealand, the NZX 50 regressed 90.78 points, or 0.7.%, to 13,881.88
In Australia, the ASX 200 bucked the trend and actually gained 44.19 points, or 0.5%. to 9,103.07