Asian Markets Slide as Oil Nears $103 and Treasury Yields Hit 2023 Highs
IXIC sits 26% above its 52-week low of $20,690.249.
Summary
Asian equities fell broadly on Friday, with the Nikkei down 1.96% and KOSPI off 1.80%, as U.S.-Iran tensions pushed crude toward $103 and the 10-year Treasury yield hit its highest since October 2023. The move extends a multi-session global risk-off that has seen the Nasdaq drop to 26,081.72. U.S. futures are stabilizing modestly, with Nasdaq futures up 0.34%, suggesting some near-term support. Japan's CGPI rose 7.6% Y/Y, beating consensus and reinforcing inflation concerns ahead of next week's Fed meeting.
At the time of this announcement, IXIC was trading at $26,081.72 on NASDAQ in the Finance sector. The 52-week trading range was $20,690.25 to $27,190.21. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.