Posted 11/10/2023, 12:00:40 AM
Asia Shares Slip as US Yields Climb; SoftBank Plunges on WeWork Woes
- Asia-Pacific markets fell on Friday after U.S. markets dropped amid rising yields and hawkish Fed comments.
- Japan's Nikkei fell 0.92% while South Korea's Kospi shed 0.92%. Hong Kong's Hang Seng declined 1.43%.
- Wall Street indexes closed lower, ending the S&P 500's 8-day winning streak as yields jumped.
- SoftBank shares plunged over 7% to hit a multi-month low on $6.2 billion quarterly loss from WeWork collapse.
- New Zealand manufacturing activity contracted the most in over 2 years in October, raising recession concerns.