Asia-Pacific Market Recap: Fixed Income Higher, Equities Slide

- Nikkei down -0.28% - ASX down -1.34% - USD down 0.45 points at 100.54 Yen - Aussie Dollar unchanged at 0.7135 USD - Yields on Australian 10-year bonds down 1.7 bps to 4.60% - Yields Japanese 10-year government bonds down 2.5 bps to 1.44%

Asia-Pacific fixed income markets are gaining and equities closed lower with yields on Australian 10-year bonds down 1.7 bps to 4.60% and Japanese 10-year government bonds down 2.5 bps to 1.44%.

Sydney's S&P ASX 200 closed down 50.30 points to 3706.3.

The Japanese Nikkei closed down 25.08 points to 8832.85 and the Hang Seng down 169.04 points to 14829.

Yields on three-year Australian bonds were up 8.5 bps to 4.11 and the Australian 90-day September 09 contract was down 8.0 ticks to 97.20.

The Euroyen September 09 contract was flat at 99.46.

The Australian dollar was down 0.05 cents to 0.7135 against the USD and up 0.21 cents to 0.8863 against the Canadian dollar.

Against the yen, the U.S. dollar was down 0.45 points to 100.54 and the Canadian dollar was down 0.65 points to 80.93.

The euro was down 0.48 cents to 1.3369 USD.

All data taken at 2:14 a.m. EDT.

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