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Global Market Quick Take: Asia – October 4, 2023
The surge in US job openings brought another selloff in bonds and equities, and prompted a suspected yen intervention as USDJPY rose above 150. Oil and gold, however, stabilised despite the broader risk-off. RBNZ meeting on tap today and AUDNZD is at four-month lows. tables US Equities: Markets sold off as the 10-year Treasury yield surged to 4.80% following the unexpectedly strong job openings data. The S&P500 fell by 1.4% to 4,229 while the Nasdaq100 plummeted by 1.8% to 14,566. VIX, the gauge of fear, jumped by more than 2 points to 19.78, marking its highest level since May. The S&P 500 is poised to test its ... (full story)