Asian Stocks Eye Rough Start After US Reversal

Asian stocks are expected to have a rough start on Monday, following a reversal in the US market. The US market had a mixed performance on Friday, with the Dow, S&P 500, and Nasdaq experiencing a mixed start.

US Market Performance

The US market had a mixed performance on Friday, with Micron topping Q4 estimates on both top and bottom lines and offering a strong Q1 outlook. The 10-year yield climbed to its highest level since 2002.

Asian Market Outlook

Asian stocks are expected to have a rough start on Monday, following the US market's reversal. Asian bonds have also followed Treasuries lower, with stocks falling.

Market Factors

  • Positive US data has been offset by elevated oil and bond yields.
  • Asian stocks are expected to be influenced by the US market's performance.
  • The 10-year yield has climbed to its highest level since 2002.

Conclusion

Asian stocks are expected to have a rough start on Monday, following the US market's reversal. The mixed performance of the US market and the influence of elevated oil and bond yields are likely to impact Asian stocks.