Asia-Pacific Market Recap: Bonds Gaining, Equities Lower

Market Updates | Written by CEP News | Aug 04 08 06:19 GMT |

(CEP News) - Asia-Pacific fixed income markets are gaining and equities closed lower with yields on Australian 10-year bonds down 2.4 bps to 6.10% and Japanese 10-year government bonds down 1.5 bps to 1.51%. Sydney's S&P ASX 200 closed down 16.30 points to 4887.699. The Japanese Nikkei closed down 161.41 points to 12933.18 and the Hang Seng down 202.97 points to 22659.63. Yields on three-year Australian bonds were down 6.1 bps to 6.99 and the Australian 90-day March 09 contract was up 1.0 tick to 92.85. The Euroyen March 09 contract was up 3.5 ticks to 99.14. The Australian dollar was up 0.16 cents to 0.9309 against the USD and up 0.14 cents to 0.9557 against the Canadian dollar. Against the yen, the U.S. dollar was down 0.06 points to 107.64 and the Canadian dollar was down 0.04 points to 104.82. The euro was up 0.20 cents to 1.5583 USD. All data taken at 2:15 a.m. EDT. Generated by CEP Newswires CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer.