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Hong Kong leads Asia-Pacific markets lower; Australia's central bank keeps interest rate unchanged CNBCHong Kong stocks sink most in three months amid China property woes, US rate worries CNNAsian Markets Trade Lower Following A Mixed Close On Wall Street; D-Street To Open Lower? CNBC-TV18Hong Kong's Hang Seng falls nearly 3%; Japan's Nikkei is 1.5% lower on Fed rate hike jitters FXStreetMorning Bid: New quarter, same old market dynamics Reuters
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Asian stocks slip on rate worries, yen in focus Reuters.comAsian Markets Trade Lower Following A Mixed Close On Wall Street; D-Street To Open Lower? CNBC-TV18Hong Kong leads Asia-Pacific markets lower; Australia's central bank keeps interest rate unchanged CNBCHong Kong stocks sink most in three months amid China property woes, US rate worries CNNMorning Bid: New quarter, same old market dynamics Reuters.comView Full Coverage on Google News
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China Evergrande Shares Soar as Trade Resumes Amid Police Probe BloombergChina Evergrande's Founder: The Rise and Fall of Hui Ka Yan The New York TimesEvergrande chairman probed over offshore assets: WSJ ReutersShares of China Evergrande and its property unit jump in Hong Kong South China Morning PostEvergrande: Shares in crisis-hit property giant jump in market return BBCView Full Coverage on Google News
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The U.S. government's move to avert a weekend shutdown removes near-term uncertainty in financial markets, enabling Treasury yields to keep climbing.
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Fed Chair Hears Inflation, Interest Rates Pain From Small Businesses BloombergFed's Powell gets an earful about inflation and interest rates from small businesses Yahoo FinanceFed's Powell: Economy still working through the impact of the pandemic Reuters.comChairman of the United States Federal Reserve visits York County, talks economics WPMT FOX 43Fed Focused on Good Job Market for Sustained Period, Powell Says
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U.S. stock indexes opened mostly lower to start the month as Treasury yields resumed their climbs after U.S. legislators were able to reach a temporary agreement that averted a government shutdown. The Dow Jones Industrial Average DJIA dropped 47 points, or 0.1%, to 33,463, while the S&P 500 SPX was off 0.1% and the Nasdaq Composite COMP was nearly flat. The U.S. Senate on Saturday night, with mere hours left before a midnight deadline for a federal government shutdown, voted to advance a short-term stopgap funding measure, which was then signed by President Joe Biden into law. The bill keeps the government open for 45 more days, an extended period that lawmakers can use to finalize funding legislation. The yield on the 2-year Treasury BX:TMUBMUSD02Y added 8 basis points to 5.113% on Monday morning, while the yield on the 10-year Treasury BX:TMUBMUSD10Y rose 7 basis points to 4.645%. Investors awaited a number of Fed speakers, with Fed Chair Jerome Powell and Philadelphia Fed President Patrick Harker expected to make comments at a community event in York, Pennsylvania, at 11 a.m.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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