BANGKOK — World shares were mixed on Tuesday after U.S. stocks gave back some of last week’s rally, pressured by rising global bond yields.
The future for the S&P 500 rose 0.2% while that for the Dow Jones Industrial Average was up 0.1%.
In Germany, the DAX advanced 0.7% to 23,748.88, while the CAC 40 in Paris added 0.4% to 8,126.11. Britain’s FTSE 100 was also up 0.4%, at 9,737.80.
In Asian trading, Tokyo’s Nikkei 225 ended flat at 49,303.45, with financial shares the biggest gainers after the governor of the central bank hinted at a possible hike to interest rates this month.
In Hong Kong, the Hang Seng added 0.2% to 26,095.05, while the Shanghai Composite index slipped 0.7% to 3,897.71.
Australia’s S&P/ASX 200 added 0.2% to 8,579.70.
The Kospi in South Korea jumped 1.9% to 3,994.93, led by buying of technology shares like Samsung Electronics, which surged 2.6%. Chip maker SK Hynix leaped 3.7%.
Taiwan’s benchmark Taiex climbed 0.8%, while the Sensex in India lost 0.6%.
On Monday, the S&P 500 slipped 0.5% and broke a five-day winning streak. The Dow industrials dropped 0.9% and the the Nasdaq composite dipped 0.4%.
Last week’s rally was largely due to rising hopes that the Federal Reserve will cut its main interest rate next week to help shore up the slowing job market.
Jobs are under pressure at U.S. manufacturers, and the majority in a survey by the Institute for Supply Management said they’re still focused more on managing headcount than on hiring. Several manufacturers also said tariffs are continuing to make things complicated.
“Conditions are more trying than during the coronavirus pandemic in terms of supply chain uncertainty,” one manufacturer told the ISM.
Yields for longer-term Treasurys rose in the bond market, part of a worldwide climb for yie