Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
The Japanese government bonds remained mixed on the first trading day of the week Monday, as investors wait to watch the country’s 30-year auction and the gross domestic product (GDP) for the third quarter of this year, both scheduled to be unveiled on November 13 by 03:35GMT and 23:50GMT respectively.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped nearly 12 basis points to 0.119 percent, the yield on the long-term 30-year note hovered around 0.886 percent and the yield on short-term 3-year slumped 13-1/2 basis points to -0.135 percent by 05:40GMT.
According to a report from Nasdaq, "Japan's economy was expected to shrink in the third quarter after natural disasters disrupted production and a slowdown in overseas demand undermined exports."
"Gross domestic product (GDP) grew an annualized 3.0 percent in April-June on strong capital spending, the fastest growth since 2016, but was seen shrinking 0.3 percent quarter-on-quarter in July-September, an annualized rate of 1.0 percent", Nasdaq added.
Meanwhile, the Nikkei 225 index traded 0.07 percent higher at 22,269.50 by 05:50GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 17.49 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
