S&P 500 Futures Edge Lower in Asia—US Treasury Yields Mixed

(Seoul=Yonhap Infomax) Kyung Pyo Hong – On the morning of the 25th in Asian trading, US equity index futures traded slightly lower, while US Treasury yields showed a mixed pattern.

According to the Yonhap Infomax Index Futures Integrated Screen (Screen No. 6520), as of 10:20 AM KST, E-mini S&P 500 futures were down 0.01% at 6,720.25.

The tech-heavy E-mini Nasdaq 100 futures slipped 0.02% to 24,942.50.

Overnight, the New York stock market rallied across all three major indices, led by strong buying in technology shares.

Google’s artificial intelligence (AI) service Gemini 3.0 sparked renewed enthusiasm across the AI sector, providing fresh momentum for tech stocks.

Notably, competitors in the AI industry such as OpenAI and Tesla praised Gemini’s performance, fueling gains in Alphabet Inc., Google’s parent company.

Shares of Alphabet surged more than 6% on optimism, while the Philadelphia Semiconductor Index, which tracks major semiconductor stocks, soared 4.63%.

In Asian trading, US equity index futures paused after the sharp rally, trading slightly lower.

Abby Yoder, US equity strategist at JPMorgan, commented, “Despite recent sharp declines, AI maintains a solid fundamental backdrop. While conditions are expected to improve toward year-end, a more discerning perspective will be needed.”

Investors continue to monitor variables that could influence the Federal Reserve’s monetary policy decision next month.

Dovish remarks from Fed officials supporting a rate cut in July have pushed the probability of a rate reduction, as reflected in the futures market, above 80%.

US Treasury yields were mixed in Asian trading.

According to the Yonhap Infomax Overseas Rates Screen (Screen No. 6531), the yield on the 10-year US Treasury rose 1.0 basis point to 4.0370%.

The 30-year yield, representing ultra-long maturities, was up 0.7 basis point at 4.6780%, while the policy-sensitive 2-year yield edged down 0.4 basis point to 3.4930%.

The US dollar index declined.

According to the Yonhap Infomax Dollar Index Screen (Screen No. 6400), the dollar index was down 0.04% at 100.136.

kphong@yna.co.kr

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