Asia stocks slide on U.S. debt concerns

MG News | May 22, 2025 at 09:24 AM GMT+05:00
May 22, 2025 (MLN): Asia-Pacific markets fell Thursday, mirroring Wall Street’s losses as investor sentiment weakened over concerns that a new U.S. budget bill could significantly increase the country’s debt burden.
Japan’s Nikkei 225 dropped 1.06% at the open, while the Topix declined 0.85%. South Korea’s Kospi slipped 0.59%, and the Kosdaq fell 0.69%.
Australia’s S&P/ASX 200 was down 0.36%. Hong Kong’s Hang Seng index opened 0.24% lower, and mainland China’s CSI 300 dipped 0.14%.
Investors are also eyeing the upcoming release of New Zealand’s 2025 budget, as CNBC reported.
Stock futures were flat in overnight trading Wednesday following a sharp sell-off on Wall Street.
Futures on the Dow Jones Industrial Average slipped 60 points, while S&P 500 futures and Nasdaq 100 futures remained little changed.
On Wednesday, U.S. markets ended sharply lower. The Dow Jones Industrial Average dropped 816.80 points, or 1.91%, to 41,860.44.
The S&P 500 fell 1.61% to 5,844.61, and the Nasdaq Composite lost 1.41% to close at 18,872.64.
The sell-off was driven by a spike in Treasury yields, as traders worried the proposed U.S. budget would worsen the already substantial federal deficit.
The 30-year Treasury yield rose to around 5.09%, its highest level since October 2023, while the 10-year Treasury yield traded at 4.59%.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 148,617.78 624.60M | 0.86% 1274.27 |
ALLSHR | 91,685.08 1,340.28M | 0.74% 669.39 |
KSE30 | 45,247.79 197.43M | 0.83% 370.74 |
KMI30 | 212,370.79 224.51M | 1.05% 2209.48 |
KMIALLSHR | 61,227.89 711.87M | 1.18% 715.56 |
BKTi | 41,264.02 160.39M | 0.54% 221.73 |
OGTi | 30,019.10 23.63M | 0.64% 190.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,265.00 | 113,390.00 108,020.00 | -4475.00 -3.97% |
BRENT CRUDE | 67.46 | 67.94 67.29 | -0.52 -0.76% |
RICHARDS BAY COAL MONTHLY | 88.70 | 88.70 88.70 | -0.75 -0.84% |
ROTTERDAM COAL MONTHLY | 96.15 | 96.75 96.00 | -0.40 -0.41% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 64.01 | 64.55 63.88 | -0.59 -0.91% |
SUGAR #11 WORLD | 16.34 | 16.52 16.33 | -0.14 -0.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|