Global Risk Selloff Deepens as U.S. Yields Climb; Apple Tumbles, MHP Outperforms
Global financial markets came under pressure last week amid a sharp selloff in risk assets, triggered by a surge in U.S. long-term yields. The yield on 20-year U.S. Treasuries climbed to 5%, reigniting fears over the impact of higher rates on asset valuations. As U.S. sovereign bonds serve as a benchmark for risk-free returns, elevated yields weighed on discounted cash flow models across global markets.
The MSCI Global Index declined 1.4% over the week, while the S&P 500 dropped a notable 2.6%.
Apple, once the world’s most valuable company by market capitalization, saw its stock plunge 7.6% over the week and is now down 24% year-to-date. The steep decline reflects growing investor skepticism over the company’s innovation pipeline. In stark contrast, Tesla gained 1%, buoyed by market optimism around its longer-term pivot toward robotics and AI rather than traditional auto manufacturing.
Ukrainian equities traded in Europe also faced headwinds. Ferrexpo fell 7.5%, IMC dropped 9.2%, and Astarta slid 5.5%.
MHP (MHPC) stood out as a rare outperformer. The stock advanced 3.1% to USD 5.40 after the company reported solid Q1 results. Earnings per share came in at 30 cents, translating to an attractive forward P/E ratio that supported investor sentiment.
The Hryvnia Closes Flat
On the cash market, the exchange rate remained unchanged at 41.70 UAH/USD, and the interbank rate stood at 41.55 UAH/USD.
STOCKS IN THE NEWS
- MHP Q1 Revenue Rises 8% to USD 779mn; Net Income Doubles to USD 32mn
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