Asian Shares Fluctuate After Three-Day Selloff: Markets Wrap

MSCI’s stocks gauge for Asia Pacific fell around 0.1% after the index had its biggest drop since early April.

MSCI’s stocks gauge for Asia Pacific fell around 0.1% after the index had its biggest drop since early April. (Source: Unsplash)

Asian equities swung between small gains and losses as investors weighed the fallout from the selloff in global stocks, with traders watching whether regional markets can stabilise after Wall Street’s sharp losses.

Also Read: Stock Market LIVE: Nifty, Sensex Rise After TCS, HCLTech Shares Lead

Key Events This Week

Some of the main moves in markets:

Stocks

  • S&P 500 futures fell 0.1% as of 9:08 a.m. Tokyo time

  • Hang Seng futures rose 0.5%

  • Japan’s Topix fell 0.2%

  • Australia’s S&P/ASX 200 was little changed

  • Euro Stoxx 50 futures fell 1.9%

Currencies

  • The Bloomberg Dollar Spot Index was little changed

  • The euro was unchanged at $1.1581

  • The Japanese yen was little changed at 155.46 per dollar

  • The offshore yuan was little changed at 7.1113 per dollar

  • The Australian dollar was little changed at $0.6503

Cryptocurrencies

  • Bitcoin rose 0.1% to $92,563.78

  • Ether rose 0.2% to $3,103.71

Bonds

  • The yield on 10-year Treasuries was unchanged at 4.11%

  • Japan’s 10-year yield advanced 1.5 basis points to 1.760%

  • Australia’s 10-year yield declined one basis point to 4.43%

Commodities

  • West Texas Intermediate crude fell 0.1% to $60.66 a barrel

  • Spot gold rose 0.1% to $4,073 an ounce

Also Read: Stock Selloff Deepens Ahead of Nvidia, Jobs Data: Markets Wrap

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