Asia-Pacific markets dropped on Thursday, following declines on Wall Street as investor sentiment turned negative. The primary concern was the potential impact of a new U.S. budget bill that could significantly increase the country’s debt levels.<\/p>\n\n\n\n
Japan’s benchmark Nikkei 225 fell 0.84%, closing at 36,985.87, while the Topix index lost 0.58%, finishing at 2,717.09. South Korea\u2019s Kospi slipped 1.22% to 2,593.67, and the small-cap Kosdaq dropped 0.82% to close at 717.67. Australia\u2019s S&P\/ASX 200 fell 0.45%, ending the trading day at 8,348.7. In Hong Kong, the Hang Seng index slipped 1.19%, closing at 23,544.31, while mainland China’s CSI 300 declined slightly by 0.06% to 3,913.87.<\/p>\n\n\n\n
Futures in the U.S. were flat overnight following a large sell-off on Wall Street. The declines came as worries about the growing deficit intensified. Futures on the Dow Jones Industrial Average dipped 60 points, with S&P 500 futures and Nasdaq 100 futures barely moving.<\/p>\n\n\n\n
On Wall Street, the three major indices closed lower, driven by a surge in Treasury yields. The Dow Jones Industrial Average dropped 816.80 points, or 1.91%, to 41,860.44. The S&P 500 fell 1.61% to 5,844.61, and the Nasdaq Composite slid 1.41% to 18,872.64. The 30-year Treasury bond yield reached 5.09%, the highest level since October 2023, while the 10-year Treasury note yield stood at 4.59%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Asia-Pacific markets dropped on Thursday, following declines on Wall Street as investor sentiment turned negative. The primary concern was the potential impact of a new U.S. budget bill that could significantly increase the country’s debt levels. Market Performance Across the Region Japan’s benchmark Nikkei 225 fell 0.84%, closing at 36,985.87, while the Topix index lost […]<\/p>\n","protected":false},"author":10772,"featured_media":11556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1579,1153,1238,466,1581,636,1578,1580],"class_list":{"0":"post-11555","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"tag-asia-pacific-markets","9":"tag-investor-sentiment","10":"tag-nikkei-225","11":"tag-sp-500","12":"tag-treasury-bond-yield","13":"tag-treasury-yields","14":"tag-u-s-budget-bill","15":"tag-u-s-debt-concerns"},"_links":{"self":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/11555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/users\/10772"}],"replies":[{"embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11555"}],"version-history":[{"count":1,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/11555\/revisions"}],"predecessor-version":[{"id":11557,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/posts\/11555\/revisions\/11557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=\/wp\/v2\/media\/11556"}],"wp:attachment":[{"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetimesfinancial.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}