Asian Markets Mixed, Bond Yields Fall After BoJ Bond Purchase Offer

Asian stocks were mixed Thursday as the dollar hovered near 14-year highs and bonds regained ground after yesterday's selloff.

Bond yields, which move the opposite way to prices, fell across Asia, with the Japanese 10-year government bond yield recently down 2 basis points at minus 0.01% after the Bank of Japan offered to buy bonds at a fixed rate, in line with a September policy tweak it dubbed quantitative easing with yield curve control. It received no bids.

The U.S. 10-year treasury yield was down 2 basis points at 2.20%

The dollar was recently up 0.24% at 109.3400 against the yen and rose against most other Asian currencies, as well as the pound. It was down against the euro. The U.S. dollar index, which measures the dollar against a basket of currencies, was down 0.09% at 100.320.

U.S. futures rose, with the Nasdsaq 100 up 0.30%, the S&P 500 mini up 0.08% and Dow Jones futures up 0.10%.

In Japan the Nikkei 225 was little changed at 17,862.63 and the Topix rose 0.10% to 1,423.08.

The S&P/ASX 200 in Sydney closed up 0.20% at 5,338,.54.

Australian employment figures showed job growth in October fell short of forecasts, though the unemployment rate held steady at 5.6%, as expected.

Telecom Telstra (TLSYY) rose 2.5% after an investor briefing in which it spelled out plans to cut A$1 billion ($746.9 million) of fixed costs by its 2021 fiscal year.

Rio Tinto (RIO) , the world's No. 2 miner, rose 1.1% after it said it has fired two senior executives after an internal investigation into $10.5 million in payments to a consultant working on a huge iron deposit in Guinea. The mining group informed investors about an investigation into the payments last week.

Larger rival BHP Billiton (BHP) was up only marginally.

The Hang Seng was down 0.15% at 22,248.16 in Hong Kong. Casino operators Sands China and Galaxy Entertainment bucked the trend to rise 5.6% and 4%.

Conglomerate Swire Pacific edged higher after Bloomberg reported it is nearing the acquisition of Coca-Cola bottling assets in China from a unit of state-owned food giant Cofco. Bloomberg said the deal could be worth $1 billion.

On mainland China the CSI 300 was up 0.20% at 3,436.53.

Brent crude was recently down 0.17% at $46.55.

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