Year Bonds: Japan and Korea

year bonds: On Tuesday, yields on U.S. 30-year bonds dipped below those for three-month notes, providing another red flag for the global economy, according to Market Watch. Japan's Nikkei NIK, 1.19% edged up 0.1% while South Korea's Kospi 180721, 1.78% gained 0.5% as Japan's downgrade of South Korea's trade status took effect. An inverted yield curve indicates investors' worries about the economy's health, and has been a reliable indicator of a coming recession. Trade tensions between the two countries have been rising, and in a tit-for-tat move, South Korea's downgrade of Japan's trading status is expected to kick in next month. Australia's S&P/ASX 200 XJO, 1.49% inched up 0.3%. Among individual stocks, e-commerce company Rakuten 4755, 4.93% slid in Tokyo trading, while IT provider NEC 6701, -1.09% and Tokyo Electric Power 9501, 0.80% gained. Hong Kong's Hang Seng Index HSI, 0.01% was last about flat, while the Shanghai Composite SHCOMP, -0.16% declined 0.3%. Benchmark indexes in Taiwan Y9999, 1.49% Singapore STI, 0.61% Malaysia FBMKLCI, 0.76% and Indonesia JAKIDX, 0.51% were mixed. (news.financializer.com). As reported in the news.