Global Markets
Overseas markets mostly fade as U.S. yields stay hot
Europe and much of Asia close lower, even as a few markets hold up and Brazil extends a big rally.
Most major overseas indexes finish lower. The Nikkei 225 falls 0.9%, the Hang Seng drops 0.6%, the Kospi loses 2.0%, and the DAX slides 1.4%. The Stoxx 600 ends down 1.0%, and the CAC 40 falls 1.2%.
A few markets buck the trend. Shanghai rises 0.3% and the TSX gains 0.3%, while Brazil’s Bovespa adds 0.9% and extends a strong recent run. The Bovespa is up 10.2% for the week and 11.1% for the month.
The foreign-exchange backdrop is mixed. The dollar index slips 0.1% to 102.117, while USD/JPY falls 0.3% to 157.842 and USD/INR climbs 0.4% to 96.78. EUR/USD also slips 0.3% to 1.1217.
CNBC’s global headlines focus on higher oil, geopolitical risk, and the U.S.-Iran backdrop. Reuters also reports fresh U.S. sanctions on Iran’s shadow fleet. That helps explain why energy remains a leader while many global equity markets stay under pressure.