Asia Stocks Fall, US Bonds Hold Gains Amid Mixed Data & Geopolitical Tensions
Business
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Moneycontrol•08-01-2026, 06:56
Asia Stocks Fall, US Bonds Hold Gains Amid Mixed Data & Geopolitical Tensions
- •Asian equities declined for a second day, ending a record rally, with Japan and South Korea opening lower.
- •Samsung Electronics Co. fell 1.5% despite record quarterly profit driven by AI server demand.
- •US Treasuries held gains as 10-year yields fell to 4.15% after weak US employment data, boosting bets for Fed rate cuts.
- •Geopolitical uncertainty, including US actions in Venezuela and China-Japan tensions, contributed to fading market optimism.
- •Commodities like copper, nickel, and zinc slid from record highs as traders booked profits; oil edged up due to US measures on Venezuela.
Why It Matters: Global markets face headwinds from mixed economic data and rising geopolitical tensions, ending a rally.
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