Asian Equities Closed in Red on Higher Treasury Bond Yield

Asian market closed in the red on Wednesday lead off my U.S. selloff overnight amid rising treasury bond yield.

The SET, KOSPI, TOPIX, CSI300 inched down by 0.12%, 0.77%, 2.97% and 0.68% respectively on close. MSCI broad market index ex Japan inched down by 0.76%.

U.S. futures on the other hand erased yesterday’s loss with S&P500, Dow Jones and Nasdaq up by 0.19%, 0.15% and 0.26% respectively.

Crude oil prices gained in today’s session with WTI gaining 1.47% to $86.69 per barrel and Brent inched up by 1.20% to $88.56 per barrel.