Nikkei: US market intervention calms Asian investors
The US Treasury Department announced it would double its purchases of long-term government bonds. This made Asian investors optimistic. The Nikkei and the Shanghai stock exchange gained.
The US Treasury Department's intervention to support the bond market has calmed investor nerves and boosted stock markets on Thursday. The department announced it would double its purchases of long-term government bonds to counter a recent sell-off that drove the yield on 30-year US bonds to its highest level since 2007. This led to a decline in yields on US, Japanese and German government bonds. The Tokyo and Shanghai stock exchanges rose, with the Nikkei index up 1.2 percent and the Shanghai exchange up 0.2 percent.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
