Asian shares were mixed overnight after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
The Nikkei (^N225) slipped almost 0.2% on the day in Japan, while the Hang Seng (^HSI) rose 0.5% in Hong Kong. The Shanghai Composite (000001.SS) was 0.3% up by the end of the session.
Across the pond on Wall Street, all three major US stock indexes surged 1.2%. The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) ended a four-day losing streak, bouncing back from their biggest weekly percentage losses since March 2022.
The Dow rose to reach 40,829.69, the S&P 500 closed at 5,471.07, and the Nasdaq Composite (^IXIC) ended at 16,884.60.
In the bond market, the yield on benchmark 10-year US Treasury notes rose to 3.70%, from 3.71% late on Friday.