HONG KONG (AP) — Asian shares retreated Friday after rising bond market yields once again weighed on Wall Street, ending a lull in wider swings in prices during a brief respite from market moving data releases.
A financial services business of China’s biggest bank, ICBC, said it was it by a ransomware attack that reportedly disrupted trading in the U.S. Treasury market.
It was unclear how much of an impact the attack had on Treasury market trading.
But it quickly sagged as Treasury yields rose following a report that suggested the U.S. job market remains remarkably solid.
Topgolf Callaway Brands was another weight on the market and sank 16.9% despite beating analysts’ expectations for profit during the summer.
Persons:
Jerome Powell, Australia’s, Taiwan’s Taiex, Stocks, sagged, Becton Dickinson, Brent
Organizations:
Investors, U.S . Federal, U.S . Treasury, Commercial Bank of China Financial Services, Treasury, Nikkei, Dow Jones, Nasdaq, Federal, Walt Disney Co, Wall, Topgolf Callaway Brands, New York Mercantile Exchange, U.S
Locations:
HONG KONG, Asia, Hong Kong, South Korea, Shanghai, China’s, U.S, York, Bangkok