Japan's Nikkei 225 climbed more than 2% to around 66,850 on Sept 30 after reduced Fed rate-hike expectations eased pressure on equities. In contrast, South Korea's KOSPI dropped 0.48% to 6,838, extending losses for a third consecutive session as elevated long-term US Treasury yields continued to weigh on investor sentiment.
What it moves
xyz:NIK, xyz:KR200, xyz:EWJ, xyz:EWY, xyz:SP500, xyz:10Y, xyz:2Y, xyz:30Y, BTC, ETH
Bull vs bear
Bulls read the Nikkei breakout as confirmation that softer US rate expectations are supportive for global risk assets and will flow into crypto. Bears argue persistent long-end Treasury pressure will keep weighing on growth-sensitive markets including KOSPI and high-beta tokens.