Asian Open The dollar rises with yields as Wall Street suffers

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Tuesday US cash market close:

  • The Dow Jones Industrial fell -534.34 points (-1.51%) to close at 35,368.47
  • The S&P 500 index fell -85.74 points (-1.84%) to close at 4,577.11
  • The Nasdaq 100 index fell -400.836 points (-2.57%) to close at 15,210.76

Asian futures:

  • Australia’s ASX 200 futures are down -59 points (-0.8%), the cash market is currently estimated to open at 7,349.80
  • Japan’s Nikkei 225 futures are down -250 points (-0.88%), the cash market is currently estimated to open at 28,007.25
  • Hong Kong’s Hang Seng futures are up 59 points (0.25%), the cash market is currently estimated to open at 24,171.78
  • China’s A50 Index futures are up 50 points (0.33%), the cash market is currently estimated to open at 15,347.27

US traders returned to their desk and simply continued the trends that were seen in Asia; sell bonds and equities, buy the US dollar. The US 10-year rose +5 bps to 1.87% which is its highest…

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