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☆ CNBC Daily Open: High rates are breaking something new in markets
▼ + stars: | 2023-10-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. House Speaker, mutedEight hardline conservative Republicans joined all Democrats to oust Republican Kevin McCarthy as speaker in a "motion to vacate" introduced by Republican Matt Gaetz. Patrick McHenry, a close McCarthy ally, will assume the role of speaker temporarily; McCarthy said he won't be running again.

Persons: Kospi, CBRE, Knight Frank, Republican Kevin McCarthy, Matt Gaetz, Patrick McHenry, McCarthy Organizations: New York Stock Exchange, CNBC, Dow Jones, Treasury, Nikkei, Reserve Bank of New Zealand, Japan's, U.S, Republicans, Democrats, Republican, Citi Locations: New York City, Asia, Pacific, Canada

☆ Japan stocks soar as yen hits 1-year low
▼ + stars: | 2023-10-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. U.S. stock futures rose 0.6%, pointing to a rebound from the S&P 500's 0.3% drop on Friday. Japanese stocks were also boosted by the Bank of Japan's quarterly Tankan survey, which showed an improvement in business sentiment. Brent December crude futures rose 18 cents, or 0.2%, to $92.38 a barrel after falling 90 cents at the end of last week. U.S. West Texas Intermediate crude futures gained 23 cents, or 0.3%, to $91.02 a barrel, after losing 92 cents on Friday.

Persons: Issei Kato, Korea's, Michele Bullock, Kevin Buckland, Edwina Gibbs Organizations: U.S, REUTERS, Rights, Nikkei, Golden, Bank, Brent, . West Texas, Thomson Locations: Tokyo, Japan, U.S, Hong Kong, China, New, expansionary

☆ 'I believe in the sector': Investing in K-pop? Bernstein analyst is a fan of this stock
▼ + stars: | 2023-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

His pick is K-pop agency Hybe, which he's given an outperform rating and a target price of 350,000 South Korean won ($258) — or around 44% upside from Tuesday's close. Hybe's roster of artists includes BTS — one of the biggest South Korean boy bands. "I believe in the sector for the long-term growth and the macro trend," Suh told CNBC's " Street Signs " on Monday. Suh highlighted that Netflix announced in April that it would invest $2.5 billion in South Korean media over the next four years. So this is the reason why the global leading enterprise entertainment players companies try to diversify their IP portfolio to run their business more sustainably."

Persons: Bokyung Suh, Bernstein, Suh, CNBC's, Ted Sarandos, Sarandos, Hybe Organizations: South Korean, Kosdaq, SM Entertainment, JYP Entertainment, YG Entertainment, Disney, Netflix, Spotify, Hybe, BTS, Pledis Entertainment Locations: South Korea, Korean

☆ CNBC Daily Open: Is tech the gift that keeps on giving?
▼ + stars: | 2023-09-27 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "I am not sure if the world is prepared for 7%," he told The Times of India in an interview. Leaders from the Writers Guild of America voted unanimously to end the strike on Wednesday. Under the agreement, AI cannot write or rewrite literary material and AI-generated material will not be considered source material.

Persons: Korea's Kospi, Jamie Dimon, Neel Kashkari, It's, Kamil Dimmich Organizations: CNBC, Nikkei, Dow Jones, JPMorgan Chase, Minneapolis Federal, Fed, Hollywood, Writers Guild of America, Writers, International Monetary Fund Locations: Asia, China, U.S, India, Hong Kong, Guyana, South America, it's

TOKYO (AP) — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June. That pushed the Fed last week to say it will likely cut interest rates by less next year than earlier expected. Besides high interest rates, a long list of other worries is also tugging at Wall Street. On Wall Street, the vast majority of stocks fell Tuesday under such pressures, including 90% of those within the S&P 500. Big Tech stocks tend to be among the hardest hit by high rates, and they were the heaviest weights on the index.

Persons: shrugging, Hui Ka Yan, Australia's, ” Stephen Innes, Brent Organizations: TOKYO, Tokyo's Nikkei, Hang Seng, Bloomberg, Garden Holdings, Dow Jones, Nasdaq, Federal Reserve, Treasury, Fed, U.S, Management, Big Tech, Apple, Microsoft, Federal Trade Commission Locations: Asia, Hong Kong, Shanghai, China, Seoul, Maryland, Carolinas

☆ US yields revisit highs, Asia stocks sag on hawkish Fed angst
▼ + stars: | 2023-09-26 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

Asia-Pacific stock benchmarks sagged along with gold, while crude oil continued to drift back from 10-month highs. Westpac strategists see risks skewed toward even higher yields in the near term, pulling up the dollar as well. "We expect 10yr yields to establish a new, higher, yield range in coming weeks," with a possible peak around 4.75%, they said. The European Central Bank and Bank of England have also touted higher rates for longer in policy meetings since the middle of the month. Crude oil remained weak amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight.

Persons: Brendan McDermid, Hong, HSI, Austan Goolsbee, Sterling, Gold, Kevin Buckland, Shri Navaratnam Organizations: New York Stock Exchange, REUTERS, Rights, Treasury, Federal Reserve, U.S, Tokyo's Nikkei, Traders, Westpac, Chicago Fed, Fed, European Central Bank and Bank of England, Brent, U.S . West Texas, Thomson Locations: New York City, U.S, Asia, Pacific, Japan, Britain

☆ Asia markets largely fall despite Wall Street rally
▼ + stars: | 2023-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Asia-Pacific markets largely fell despite a broad rebound on Wall Street and Moody's warning that a U.S. government shutdown would be "credit negative" for the world's largest economy. The country's wholesale inflation for its services sector climbed 2.1% year on year, its fastest rate of increase since September 2022. In Australia, the S&P/ASX 200 also shed 0.29% as traders look toward its key consumer price index reading on Wednesday. Hong Kong's Hang Seng index is also set for a positive open, standing at 17,744 compared to the HSI's close of 17,729.29.

Organizations: Nikkei Locations: Suzhou, Shanghai, China, Asia, Pacific, U.S, Australia, South Korea

☆ CNBC Daily Open: Has the BOJ been ambiguous in its communication?
▼ + stars: | 2023-09-26 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

Javier Ghersi | Moment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Korea's Kospi slumped 1.2% to multi-month lows, while the Hang Seng Index slipped 0.9% to lows last seen in August. [PRO] Luxury playsBank of America upgraded three luxury stocks that are bucking the negative trends afflicting the broader sector in Europe. Is his professorial tendency to think aloud and entertain various scenarios getting in the way of clearer market communication?

Persons: Javier Ghersi, Korea's Kospi, Bob Smith, Dave Limp, Smith, Kazuo Ueda, Ueda, Stanley Fischer, bank's Organizations: CNBC, Treasury, Amazon, Blue Origin, European, Coy, Huawei, Luxury, Bank of America, Bank, Japan, Yomiuri Shimbun, Massachusetts Institute of Technology, Reading Locations: Japan, Asia, Europe, Osaka

TOKYO (AP) — Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy. Political Cartoons View All 1179 ImagesRealization is sinking in that the Federal Reserve will likely keep interest rates high well into next year. Higher yields are at the head of a long line of concerns weighing on Wall Street. On Wall Street, Amazon rose 1.7% and was the strongest single force pushing up on the S&P 500. Also on the losing end of Wall Street were stocks of travel-related companies, which slumped under the weight of worries about higher fuel costs.

Persons: Australia's, Korea's Kospi, Evergrande, ”, Tina Teng, That’s, ” Goldman Sachs, David Kostin, what’s, haven’t, Chris Larkin, Morgan Stanley, Brent, Stan Choe Organizations: TOKYO, CMC, Dow Jones, Nasdaq, Federal Reserve, Big Tech, Netflix, Walt Disney Co, Warner Brothers Discovery, Southwest Airlines, Norwegian Cruise, Exxon Mobil, ConocoPhillips, U.S, AP Locations: Hong, Shanghai, Canada, U.S, Anthropic, Norwegian, New York

Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment. The retreat has deepened with Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon. Pressure has built on Wall Street as yields in the bond market climbed to their highest levels in more than a decade. The Nasdaq composite, which is full of tech and other high-growth stocks, slumped 3.6% for its worst week since March.

Persons: Hang Seng, Australia's, They’d, Shawn Fain, Ford, It’s, Brent Organizations: American, China Evergrande, Dow Jones, Nasdaq, Federal Reserve, U.S, Motors, United Auto Workers, Auto, Treasury, that’s, Nvidia, Microsoft’s, Activision, Microsoft, New York Mercantile Exchange Locations: Asia, Tokyo, U.S, China, Shanghai, Seoul, American

Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Political Cartoons View All 1173 ImagesTokyo's Nikkei 225 fell 0.2% to 32,501.59. Why chance their big swings when Treasurys are paying higher interest. That in turn could give the Fed more reason to keep rates higher for longer. Manufacturing and the housing industry have felt the sting of higher interest rates in particular and have struggled more than the broad job market.

Persons: Hang Seng, Sensex, Australia's, Telsa, Splunk Organizations: Bank of Japan, Federal Reserve, Fed, Dow Jones, Nasdaq, Big Tech, Nvidia, Cisco Systems, Cisco, Wall Street, FedEx, Treasury, Manufacturing, New York Mercantile Exchange, Brent, U.S Locations: Hong Kong, Shanghai, Tokyo, Seoul, Sydney, Hong, Wall, U.S

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought. U.S. stocks slumped Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The Fed held its main interest rate steady at its highest level in more than two decades, as was expected. Wednesday on Wall Street, the S&P 500 fell 0.9% to 4,402.20. Shares of Klaviyo, which helps advertisers market over email and text messaging, rose 9.2% in their first day of trading.

Persons: Jerome Powell, it’s, ” Anderson Alves, ActivTrades, Hang Seng, Australia's, Grant Robertson, Fonterra, Powell, ” Powell, Instacart, Brent, Nick Perry Organizations: Federal Reserve, Fed, Nikkei, Toshiba Corp, Statistics New, Finance, Zealand, Dow Jones, Nasdaq, Treasury, Big Tech, Microsoft, Apple, Nvidia, Arm Holdings, New York Mercantile Exchange, U.S Locations: U.S, Shanghai, Seoul, Statistics New Zealand, China, Wellington , New Zealand

TOKYO (AP) — Asian shares declined Wednesday as markets awaited a decision on interest rates by the Federal Reserve. Trade data for Japan showed exports fell 0.8% last month from a year ago, marking the second straight month of declines, as exports to China lagged, dropping 11%. Markets have see-sawed for weeks on uncertainty about whether the Fed is done with its market-shaking hikes to interest rates. The Fed began its latest meeting on interest rates Tuesday, with an announcement scheduled for Wednesday. Traders are split on whether the Fed may raise rates again this year, but they’re largely expecting the Fed to begin cutting rates next year.

Persons: Australia's, Robert Carnell, they’re, homebuilders, Brent Organizations: TOKYO, Federal Reserve, Nikkei, Finance Ministry, ING, Dow Jones, Nasdaq, Fed, Wednesday, Traders, Instacart, Walt Disney Co, U.S . Steel, United, Detroit’s Big, Ford, General Motors, UAW, New York Mercantile Exchange, U.S Locations: Hong, Shanghai, Japan, China, U.S, Europe, Asia, Pacific, Beijing

☆ CNBC Daily Open: High rates are still hobbling IPOs
▼ + stars: | 2023-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Downbeat marketsU.S. markets dipped and U.S. Treasury yields rose Tuesday as investors braced themselves for the outcome of the Federal Reserve's meeting. At its open, Instacart popped 40% to hit $42, but pared gains as investors sold off to lock in their initial gains. Analysts who once predicted China would become the biggest economy globally are perplexed as to why the country's blunting its own growth.

Persons: Kospi, Hong, Instacart, Fereidun Fesharaki, Wood Mackenzie Organizations: CNBC, Treasury, Analysts, Global Locations: Asia, Pacific, China

☆ Asia markets mixed ahead of Australian central bank minutes
▼ + stars: | 2023-09-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets are mixed as traders look to minutes from the Reserve Bank of Australia for its policy meeting on Sept. 5. The minutes will detail how the RBA came to hold its benchmark policy rate at 4.1%, the third straight month that it has done so. In Australia, the S&P/ASX 200 slid 0.23% in early trade, while both South Korea's Kospi and Kosadaq were trading close to the flatline. Japan's Nikkei 225 slumped 0.76% upon its return from a public holiday, while the Topix saw a smaller loss of 0.16%.

Organizations: Sydney Opera House, Getty, Reserve Bank of Australia, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific

TOKYO (AP) — Asian shares were mostly lower in cautious trading Tuesday ahead of the Federal Reserve’s upcoming decision on interest rates. “Market sentiment remained in its usual wait-and-see ahead of the Federal Open Market Committee meeting this week,” said Yeap Jun Rong, market analyst at IG. Political Cartoons View All 1167 ImagesStocks have been see-sawing since early August on uncertainty about whether the Fed will finally end its hikes to interest rates. Attention will mainly focus on forecasts Fed officials will publish about where they expect interest rates, the economy and the job market to head in upcoming years. But just as much attention will be on what Fed officials say about next year, when investors expect the Fed to begin cutting interest rates.

Persons: Australia's, Seng, ”, Yeap Jun Rong, it’s, Doug Ramsey, It’s, Ramsey, Clorox, Ford, That’s, Brent Organizations: TOKYO, Federal, Nikkei, IG, Dow Jones, Nasdaq, Traders, CME Group, Fed, Ford, General Motors, United Auto Workers, Exxon Mobil, Marathon Petroleum, New York Mercantile Exchange, U.S Locations: Hong, Shanghai, Japan's

Shares fell Monday in Asia, with Hong Kong's benchmark pulled lower by property stocks following reports that police had detained staff at the wealth management business of troubled real estate developer China Evergrande. U.S. futures edged higher and oil prices advanced. Political Cartoons View All 1163 ImagesEvergrande's Hong Kong traded shares were up 1.6% after plunging early in the session. The market had posted some gains last week following reports of several healthy economic indicators ahead of the Federal Reserve's two-day meeting, which ends Wednesday. Oil prices have been climbing over the summer after Saudi Arabia decided to maintain production cuts.

Persons: Australia's, Brent Organizations: Hong Kong, Dow, Nasdaq, Federal, U.S, United Auto Workers, Ford, Motors, Stellantis, Milan Stock Exchange, Traders, New York Mercantile Exchange Locations: Asia, China, ., Shenzhen, Shanghai, Hong, Seoul, Italy, Saudi Arabia

☆ CNBC Daily Open: Wall Street disagrees with main street
▼ + stars: | 2023-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Gabby Jones | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] FOMC meeting this weekThe Federal Reserve's meeting on Wednesday will be the main event to keep an eye on for this week. "Investors remained upbeat about the outlook for stocks and the economy in August," according to a Vanguard Investor Expectations Survey. In that open space between breaths, equilibrium between Wall Street and main street may be reached.

Persons: Gabby Jones, Hong, Kospi, Joe Biden, there's, Edward Jones, Mona Mahajan, CNBC's, Mahajan, Ray, Greg Bassuk Organizations: New York Stock Exchange, Bloomberg, Getty, CNBC, Dow Jones, Index, Nikkei, China, European Central Bank, Federal Reserve, Bank of England, U.S, Initiative, FedEx, University of Michigan, Consumers, Survey, Dow Jones Industrial, Nasdaq, Dow Locations: New York, Asia, Pacific, China Venture, China, India, East, Europe

TOKYO (AP) — Asian shares were mostly higher Friday after China reported that its slowing economy showed signs of stabilizing in August. That is seen as a sign the economy may be breaking out of its post-pandemic malaise. “The Arm IPO optimism and China’s further stimulus measures boosted sentiment across Asian stock markets,” Tina Teng, a markets analyst at CMC Markets APAC & Canada, said in a commentary. A third report said prices getting paid at the wholesale level rose more last month than economists expected. Ignoring those and other particularly volatile prices, underlying inflation trends in Thursday’s report were closer to economists’ expectations.

Persons: Hang Seng, “, Australia's, Tina Teng, they’re, Mike Loewengart, ” Organizations: TOKYO, China, People's Bank of, Nikkei, SoftBank Group Corp, Arm Holdings, Nasdaq, CMC, Dow Jones Industrial, Treasury, Federal Reserve, Fed, CME Group, Morgan Stanley Global Investment, Brent, U.S . Locations: Shanghai, People's Bank of China, Tokyo, Canada, U.S

☆ Asian stocks climb as traders shrug off inflation surprise
▼ + stars: | 2023-09-14 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Fed funds futures hardly budged on the inflation data, and imply nearly no chance of a rate hike next week, and about a 45% chance of another hike by year's end. The S&P 500 (.SPX) rose 0.1% and futures rose 0.2% in Asia. European futures were flat. The euro has been supported this week by creeping expectations for the European Central Bank to hike rates on Thursday, though analysts say it may struggle for further gains. The New Zealand dollar was also firmer at $0.5941, while the dollar slipped about 0.2% to buy 147.11 yen .

Persons: Androniki, Glenn Yin, HSI, Brent Donnelly, it's, Kazuo Ueda, Shri Navaratnam Organizations: Nikkei, REUTERS, Rights, European Central Bank, Tokyo's Nikkei, Treasury, ., New, AETOS Capital Group, Arm Holdings, EU, Spectra Markets, New Zealand, Bank of Japan, Brent, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, New York, Melbourne, Saudi Arabia, Russia, Australia

That’s discouraging for shoppers paying higher prices, but much of the acceleration was because of higher fuel costs. The inflation report was so highly anticipated because it will help steer what the Federal Reserve does next on interest rates. Even though economists are willing to ignore fuel costs when looking at inflation to find the underlying trends, households and companies don’t get the same luxury. American Airlines cut its forecast for profits during the summer because fuel costs are running higher than it expected. Spirit Airlines said it’s also paying higher fuel costs this summer than expected, roughly $3.06 per gallon instead of the $2.80 it had earlier forecast.

Persons: don’t, it’s, It’s, Brent Organizations: Federal Reserve, Nikkei, Dow Jones, Nasdaq, Fed, American Airlines, Spirit Airlines, United Airlines, Delta Air Lines, Microsoft, Nvidia, Moderna, New York Mercantile Exchange, U.S Locations: Asia, Seoul, Hong, Hong Kong, Shanghai, Australia, U.S

Stocks fell Wednesday in Asia after a slide in technology stocks dragged Wall Street lower ahead of a key report on U.S. inflation. Stocks have been see-sawing in recent weeks amid the revived uncertainty about whether the Federal Reserve is done with its avalanche of hikes to interest rates. High interest rates work to undercut inflation by slowing anentire economy and knocking down prices for stocks and other investments. Still, traders overwhelmingly expect next week’s meeting for the Federal Reserve to end with interest rates staying where they are. But it’s been struggling since the end of July and has reported three straight quarters where its revenue fell from year-earlier levels.

Persons: Stocks, Hang Seng, Australia's, Stephen Innes, ”, it’s Organizations: Nikkei, U.S, Federal, Federal Reserve, Management, Dow Jones, Nasdaq, Software, Oracle, Apple, Google, Microsoft, New York Mercantile Exchange, Brent Locations: Asia, Shanghai, Seoul, India, Taiwan, Southeast Asia, U.S

TOKYO (AP) — Asian shares were trading mixed Tuesday following a Big Tech rally on Wall Street, as investors awaited an update on U.S. consumer prices set for later in the week. The Federal Reserve is weighing whether to keep raising interest rates steady in its effort to get inflation back to 2%. Monday on Wall Street, the S&P 500 rose 0.7% to 4,487.46, coming off its first losing week in the last three. How Apple performs has great consequence for the market because it's the most valuable stock on Wall Street. In energy trading, benchmark U.S. crude gained 32 cents to $87.61 a barrel in electronic trading on the New York Mercantile Exchange.

Persons: Australia's, Hang Seng, ” Anderson Alves, ActivTrades, Tesla, Apple, RTX, Smucker, Daniel Zhang Organizations: TOKYO, Big Tech, Nikkei, Federal, Fed, Federal Reserve, CME Group, Dow Jones Industrial, Nasdaq, Amazon, Communications, Walt Disney Co, ESPN, Disney, Apple, Qualcomm, . Aerospace, Pratt & Whitney, Hostess Brands, New York Mercantile Exchange, Brent, U.S Locations: Hong, Shanghai, U.S, Folgers, Smucker’s, United States

Stock prices were mostly higher in Asia on Monday as investors awaited an update on U.S. inflation and China’s latest economic data. The futures for the S&P 500 and Dow were trading higher. That could lead the Federal Reserve and other central banks to keep interest rates higher for longer, which would hurt prices for shares and other investments. On Friday, stocks edged higher on Wall Street, but markets still ended their first losing week in the last three. High interest rates are supposed to slow the economy and hurt the job market, which should ultimately help undercut inflation.

Persons: Zichun Huang, Hong, Hang Seng, Australia's, Kroger, ” Stephen Innes, Brent, Kazuo Ueda Organizations: Dow, Federal Reserve, Economics, Nikkei, U.S, Labor, Dow Jones, Nasdaq, Albertsons, Treasury, Management, New York Mercantile Exchange, Bank of Japan Gov Locations: Asia, Hong Kong, Tokyo, Shanghai, Sydney, Seoul, China

Shares fell Friday in Asia after Japan reported its economy grew less than earlier estimated in the last quarter. Much of that growth was driven by exports, which rose nearly 13%, while private consumption fell 2.2% on weak investment spending. On Thursday, Wall Street slipped in mixed trading Thursday as the threat of high interest rates continued to dog Big Tech stocks. The Nasdaq composite was hit particularly hard by the drop for tech stocks, sinking 0.9% to 13,748.83. Yields remained high after a report on Thursday said fewer U.S. workers applied for unemployment benefits last week than expected.

Persons: Stocks, Brent Organizations: Nikkei, Hong, Big Tech, Nasdaq, Dow Jones, Federal Reserve, Fed, Apple, Nvidia, New York Mercantile Exchange Locations: Asia, Japan, Seoul, Shanghai

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