港股開盤，恆生指數開跌0.45%，恆生科技指數開跌0.33%。

US 10- and 30-year Treasury yields this week climbed to 24-year highs amid inflation concerns and worries over a large fiscal deficit. Rupert Harrison, senior adviser and portfolio manager at a large global bond investor, told a TS Lombard event in London that after the recent sharp rise in yields, valuations are now “highly attractive.” He said the firm holds some duration exposure and that bonds would offer allocation and defensive value if tech stocks sell off or US growth slows.

As of Oct 4, media reported India’s coal-fired power plant inventories were near a five-year low: about 69 plants, representing over 40% of national coal-fired capacity, had coal stocks sufficient for four days or less. Unseasonably high October temperatures and patchy rainfall have kept cooling, irrigation and industrial electricity demand elevated. Coal deliveries are being disrupted by heavy rains that have halted some mines and by persistent rail-transport bottlenecks, forcing plants to draw down on-site inventories. The low stockpiles raise the risk of widespread outages.