Asia Morning Call-Global Markets

Sept 18 (Reuters) -

----------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------

** indicates closing price

All prices as of 1755 GMT

EQUITIES

GLOBAL - Global shares rose and Treasury yields fell on Thursday as investors assessed the US Federal Reserve's interest rate increase and its efforts to contain inflation.

MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.73% and was poised to snap three straight sessions of losses.

For a full report, click on MKTS/GLOB

- - - -

NEW YORK - The major US stock indexes jumped on Thursday as retreating oil prices improved market sentiment, with the Federal Reserve's first interest-rate hike under Chair Kevin Warsh underscoring the central bank's commitment to managing inflation.

At 11:42 a.m. ET, the Dow Jones Industrial Average .DJI rose 316.52 points, or 0.61%, to 51,778.04, the S&P 500 .SPX gained 80.05 points, or 1.06%, to 7,631.86, and the Nasdaq Composite .IXIC was up 411.57 points, or 1.59%, to 26,390.96.

For a full report, click on .N

- - - -

LONDON - European shares rose on Thursday as lower oil prices and a pause in the global bond selloff lifted risk appetite after the US Federal Reserve delivered its widely expected interest-rate hike.

The pan-European STOXX 600 .STOXX gained 0.9% to 642.6 points, with most regional markets advancing.

For a full report, click on .EU

- - - -

TOKYO - Japan's Nikkei share average rose on Thursday as investors snapped up beaten-down gaming and pharmaceutical stocks, while sentiment was supported by lower crude oil prices and a largely expected policy decision from the U.S. Federal Reserve.

The Nikkei .N225 ended the day up 0.3% at 64,136.25.

For a full report, click on .T

- - - -

SHANGHAI - China and Hong Kong stock benchmarks declined on Thursday,led by rate-sensitive sectors such as gold and real estate, after the first U.S. rate hike in three years fuelled worries about capital outflows.

China's blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC dipped 0.4% each.

For a full report, click on .SS

- - - -

AUSTRALIA - Australian shares ended higher on Thursday after paring sharp early gains, as easing bond yields and lower oil prices helped investors look past the U.S. Federal Reserve's first rate hike since 2023.

The benchmark S&P/ASX 200 index .AXJO ended 0.4% higher at 8,732.40 points, after reaching as much as 1% earlier in the day.

For a full report, click on .AX

- - - -

SEOUL - South Korean shares erased early gains to close little changed on Thursday as investors stayed cautious ahead of the Bank of Japan's policy decision, following the U.S. Federal Reserve's widely expected rate increase.

The benchmark KOSPI .KS11 closed down 2.56 points, or 0.04%, at 6,715.41, after rising more than 1% earlier in the session.

For a full report, click on KRW/

- - - -

FOREIGN EXCHANGE

NEW YORK - The US dollar eased on Thursday, a day after logging its biggest jump in three months after the Federal Reserve hiked rates and signalled further tightening.

The US dollar index, which measures the currency's strength against six peers, was down 0.2% at 100.07 on Thursday, after rising 0.7% in the prior session.

For a full report, click on USD/

- - - -

SHANGHAI - China's yuan rose slightly against the US dollar on Thursday as the central bank lifted the midpoint fixing to another 3-1/2-year high despite a jump in the greenback after the ​Federal Reserve raised interest rates.

The spot yuan was 0.03% higher at 6.7083 to the dollar as of 0349 GMT, after trading in a range of 6.7082 to 6.7128.

For a full report, click on CNY/

- - - -

AUSTRALIA - The Australian and New Zealand dollars languished near multi-week lows on Thursday as wagers on additional hikes in U.S. interest rates buoyed the greenback and reinforced expectations of further policy tightening at home.

The Aussie was at $0.7096 , having slid 0.6% to a three-week trough in the wake of the Fed.

For a full report, click on AUD/

- - - -

SEOUL - South Korean won weakened against the dollar on Thursday.

The won was quoted at 1,382.2 per dollar on the onshore settlement platform , 0.38% lower than its previous close at 1,377.0.

For a full report, click on KRW/

- - - -

TREASURIES

NEW YORK - U.S. Treasury yields fell on Thursday as oil prices eased and investors digested Wednesday's Federal Reserve interest rate increase and the U.S. central bank's signals for more rate increases ahead.

The 10-year Treasury yield , which rose above 5.00% earlier this week for the first time since 2023, was last down 5.7 basis points at 4.947%.

For a full report, click on US/

- - - -

LONDON - Euro zone bond yields nudged lower on Thursday, reversing an earlier rise, as oil prices fell and UK gilts rallied sharply after the Bank of England said it would pause debt sales under its quantitative tightening programme.

The yield on the benchmark German 10-year government bond was last 3 basis points lower at 3.4817%, having nudged higher earlier in the day.

For a full report, click on GVD/EUR

- - - -

TOKYO - Short-dated Japanese government bond (JGB) yields rose to their highest since April 1995 on Thursday, buoyed by expectations for the Bank of Japan to raise interest rates on Friday after the Federal Reserve tightened policy overnight.

10-year JGB yields declined 0.5 bp to 2.99%, while 5-year yields JP5YTN=JBTC added 1.5 bps to 2.295%.

For a full report, click on JP/

COMMODITIES

GOLD

Gold gained more than 2% on Thursday, rebounding from a near six-week low in the previous session, as easing oil prices and a lower US dollar lent support, while investors assessed the latest Federal Reserve rate hike.

Spot gold XAU= was up 2.3% at $4,360.36 per ounce as of 1:45 p.m. EDT (1745 GMT).

For a full report, click on GOL/

- - - -

IRON ORE

Iron ore prices rose for a second session on Thursday, as Chinese steelmakers stepped up seaborne purchases ahead of a national holiday, although shrinking steel margins clouded the demand outlook.

The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) closed daytime trade 0.28% higher at 710.5 yuan ($105.92) a metric ton, still 4.6% below a multi-week high of 745 yuan hit on September 8.

For a full report, click on IRONORE/

- - - -

BASE METALS

Copper prices rallied on Thursday as Chinese buyers returned to the market after a recent selloff while demand prospects brightened and the dollar softened.

Benchmark copper on the London Metal Exchange was up 2.0% at $14,509.50 a metric ton at 1601 GMT.

For a full report, click on MET/L

- - - -

OIL

Oil prices eased about 2% on Thursday to a one-week low, after reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above $100 a barrel on fears the Middle East conflict could widen.

Brent crude futures were down $2.67, or 2.5%, to $103.13 a barrel at 12:03 p.m. ET (1603 GMT), after touching their lowest level since September 10.

For a full report, click on O/R

- - - -

PALM OIL

Malaysian palm oil futures fell more than 1% on Thursday, retreating from a 21-month high on expectations of rising September inventories, sluggish exports and weakness in rival vegetable oils.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 58 ringgit, or 1.16%, at 4,940 ringgit ($1,206.05) a metric ton at the close.

For a full report, click on POI/

- - - -

RUBBER

Japanese rubber futures edged higher on Thursday, supported by a weaker yen and firmer Tokyo equities, although lower oil prices limited the advance.

The Osaka Exchange (OSE) rubber contract for February delivery , was up 2.7 yen, or 0.63%, at 427.9 yen ($2.75) per kg.

For a full report, click on RUB/T

- - - -