Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Asian Markets Climb as Oil Prices Drop with Lower Treasury Yields
  • Local news

Asian Markets Climb as Oil Prices Drop with Lower Treasury Yields

    Asian stocks rise and oil prices slip after Treasury yields ease
    Up next
    Britons go mad for bitcoin: Here's who is most likely to buy it and how much they hold
    Why Bitcoin is Booming in Britain: Who’s Buying It and How Much They Own
    Published on 23 May 2025
    Author
    Internewscast
    Tags
    • After,
    • and,
    • asian,
    • Business,
    • Donald Trump,
    • ease,
    • Oil,
    • prices,
    • Rise,
    • slip,
    • stocks,
    • Treasury,
    • world news,
    • yields
    Share this @internewscast.com
    FacebookXRedditPinterest

    HONG KONG – Asian stock markets climbed in early trading on Friday, benefiting from a downturn in U.S. Treasury yields. This movement followed a turbulent week in the bond markets, which had been unsettled by apprehensions over increasing U.S. government debt.

    The yield on the 10-year Treasury decreased by 0.6% to 4.52%, while the yield on the two-year Treasury, which more accurately reflects predictions about the Federal Reserve’s potential actions, fell by 0.4% to 3.98%.

    Oil prices dropped on expectations that the OPEC+ group of oil exporters may decide on another increase in output at their next meeting.

    U.S. benchmark crude oil dropped 51 cents to $60.69 per barrel while Brent crude, the international standard, gave up 51 cents to $63.93 per barrel.

    In the arena of stock trading, Tokyo’s Nikkei 225 rose by 0.8% to reach 37,289.60. This increase happened after it was announced by the government that the core inflation rate had reached 3.5% in April, marking the highest level since the start of 2023.

    The surge in prices has increased the likelihood that the Bank of Japan might raise its benchmark interest rate at its next policy meeting, analysts said.

    But pressures and uncertainty from U.S. President Donald Trump’s tariff hikes will limit what the BOJ can do, given recent signs of weakness in the economy, Min Joo Kang of ING Economics said in a report.

    He added that “with US tariffs likely to impact manufacturing and exports negatively throughout this year, the BOJ’s policy changes are likely to be gradual.”

    Hong Kong’s Hang Seng picked up 0.4% to 23,627.99 while the Shanghai Composite Index added 1% to 3,382.12.

    Seoul’s Kospi climbed 0.2% to 2,597.49 and the S&P/ASX 200 in Australia gained 0.4% to 8,379.10.

    On Thursday, stocks drifted to a mixed close on Wall Street.

    The S&P 500 slipped less than 0.1%, to close at 5,842.01. The Dow Jones Industrial Average fell 1.35 points to 41,859.09. The Nasdaq composite rose 0.3% to 18,925.73.

    Technology stocks did most of the heavy lifting for the broader market. The majority of stocks within the S&P 500 lost ground, but gains for technology companies with outsized values offset those losses. Google’s parent Alphabet jumped 1.4% and Nvidia rose 0.8%.

    Treasury yields held a bit steadier in the bond market after the House of Representatives approved a bill that would cut taxes and could add trillions of dollars to the U.S. debt.

    The House’s multitrillion-dollar spending bill, which aims to extend some $4.5 trillion in tax breaks from President Donald Trump’s first term while adding others, is expected to be amended when it gets to the Senate for a vote.

    The legislation also includes a speedier rollback of production tax credits for clean electricity projects, which sent shares of solar companies tumbling. Sunrun dropped 37.1%, Enphase Energy fell 19.6% and First Solar slid 4.3%.

    Health care stocks also fell Thursday after the Centers for Medicare & Medicaid Services said it was immediately expanding its auditing of Medicare Advantage plans. UnitedHealth Group fell 2.1% and Humana lost 7.6%.

    In economic updates, the number of Americans filing unemployment claims last week fell slightly. The broader employment market has remained strong, though businesses remain worried about the economic uncertainty amid a trade war.

    The market had briefly turned higher earlier in the day following a better-than-expected report on manufacturing and services in the U.S. The survey from S&P Global showed growth for both areas in May following a sluggish April.

    The report also reflected the impact of the trade war on supply chains, prices and concerns about the economic picture moving forward. New orders from businesses were a big driver of improvement, but much of that was from businesses trying to get ahead of a potentially hefty round of tariffs that could hit the economy in July.

    The overall rise in prices charged for goods and services in May was the steepest since August 2022, according to the S&P Global report.

    In other dealings early Friday, the U.S. dollar slipped to 143.45 Japanese yen from 144.01 yen. The euro rose to $1.1319 from $1.1279.

    ___

    AP Business Writer Damian J. Troise contributed.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    DOJ: Kingsport man claimed million in false tax returns
    • Local news

    DOJ: Kingsport Man Allegedly Filed for Millions in Fraudulent Tax Returns

    KINGSPORT, Tenn. (WJHL) — A Kingsport resident admitted guilt on Wednesday to…
    • Internewscast
    • July 11, 2025
    'Click it or Ticket' ahead of Memorial Day, Champaign Co. Sheriff says
    • Local news

    Savoy Resident Charged with Illegal Weapon Possession After Child Battery Investigation

    A 28-year-old man from Savoy, identified as Latroy Hodges, was taken into…
    • Internewscast
    • July 10, 2025
    Conflicting officials, social posts leave evacuation delay questions in Kerr County flooding
    • Local news

    Mixed Signals and Social Media Posts Spark Questions About Evacuation Delays in Kerr County flooding

    KERR COUNTY, Texas (KXAN) – Social media posts piece together a timeline…
    • Internewscast
    • July 11, 2025
    MMA star Ben Askren says he 'died 4 times' and received double lung transplant
    • Local news

    MMA Fighter Ben Askren Claims He ‘Died Four Times’ and Underwent a Double Lung Transplant

    Former Olympic wrestler and MMA star Ben Askren is revealing details about…
    • Internewscast
    • July 10, 2025
    White House budget director accuses Fed chair of violating building rules in renovation
    • Local news

    White House Budget Director Claims Fed Chair Broke Renovation Rules

    WASHINGTON – In a letter sent on Thursday, White House budget director…
    • Internewscast
    • July 10, 2025
    Grand Canyon hiker dies after abandoning path due to extreme heat
    • Local news

    Tragic Loss: Hiker Succumbs to Extreme Heat After Leaving Grand Canyon Trail

    LAS VEGAS (KLAS) A 67-year-old Texas man died Tuesday at the Grand…
    • Internewscast
    • July 10, 2025
    ACCESS DENIED: Lawmakers denied, then invited back to tour Alligator Alcatraz
    • Local news

    Florida Lawmakers Sue for Access to Restricted Alligator Alcatraz Facility

    In Tampa, Florida, a group of five Democratic legislators has initiated legal…
    • Internewscast
    • July 11, 2025
    UN investigator and critic of Israel's actions in Gaza tells AP she was shocked by US sanctions
    • Local news

    U.N. Investigator Criticizing Israel’s Gaza Actions Expresses Shock Over U.S. Sanctions

    SARAJEVO – An independent U.N. investigator critical of Israel’s actions in Gaza…
    • Internewscast
    • July 11, 2025
    ICC believes war crimes and crimes against humanity are taking place now in Sudan's Darfur region
    • Local news

    The International Criminal Court suspects ongoing war crimes and crimes against humanity in Sudan’s Darfur region

    TANZANIA – According to the International Criminal Court, war crimes and crimes…
    • Internewscast
    • July 11, 2025
    Augusta locals express worries at Charter Review Committee meeting
    • Local news

    Augusta Residents Voice Concerns at Charter Review Meeting

    AUGUSTA, Ga () – The Charter Review Committee is in the process…
    • Internewscast
    • July 11, 2025
    The US is having its worst year for measles in more than three decades
    • Local news

    The United States is experiencing its highest number of measles cases in over 30 years.

    The U.S. is having its worst year for measles spread in more…
    • Internewscast
    • July 10, 2025
    State Department tells staffers that layoff notices are coming soon
    • Local news

    State Department Warns Employees of Imminent Layoff Notices

    WASHINGTON (AP) The State Department formally advised staffers Thursday that it would…
    • Internewscast
    • July 11, 2025
    Lynyrd Skynyrd Charts Its First Bestselling Album — Half A Century On
    • Business

    Lynyrd Skynyrd Scores Its First Top-Selling Album 50 Years Later

    Lynyrd Skynyrd’s Celebrating 50 Years: Live at the Ryman debuts on two…
    • Internewscast
    • July 11, 2025
    Trump admin violating FOIA over Emil Bove records: Watchdog
    • Crime

    Watchdog Accuses Trump Administration of FOIA Violations Concerning Emil Bove Records

    Former President Donald Trump is seen in court beside his lawyer, Emil…
    • Internewscast
    • July 11, 2025
    The Wimbledon WAG causing a stir at SW19:
    • News

    The Wimbledon WAG Making Waves at SW19

    All eyes will be on Taylor Fritz this afternoon as he faces…
    • Internewscast
    • July 11, 2025
    Clinic owned by Bali shooting survivor's girlfriend firebombed
    • Crime

    Girlfriend of Bali bombing survivor has clinic targeted in arson attack

    A Melbourne skin-care clinic that was firebombed overnight is owned by the…
    • Internewscast
    • July 11, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.