Asia Markets: Asian markets mostly flat after U.S. yield-curve inversion deepens [MarketWatch]
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: MarketWatch
Asian markets mostly flat after U.S. yield-curve inversion deepens Asian markets made modest moves in early trading Wednesday, following losses on Wall Street as the U.S. Treasury yield curve inverted further. An inverted yield curve indicates investors’ worries about the economy’s health, and has been a reliable indicator of a coming recession. On Tuesday, yields on U.S. 30-year bonds dipped below those for three-month notes, providing another red flag for the global economy. Japan’s Nikkei NIK, +0.15% edged up 0.1% while South Korea’s Kospi 180721, +0.35% gained 0.4% as Japan’s downgrade of South Korea’s trade status took effect. Trade tensions between the two countries have been rising, and in a tit-for-tat move, South Korea’s downgrade of Japan’s trading status is expected to kick in next month. Hong Kong’s Hang Seng Index HSI, -0.08% slipped 0.2%, while the Shanghai Composite SHCOMP, -0.38% declined 0.4%. Benchmark indexes in Taiwan Y9999, +0.37% , Singapore STI,
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