Asian Stock Markets
Declines in energy and mining stocks led Asian shares lower after oil
and metal prices extended a drop, and Chinese equities’ losses
deepened. The dollar was steady amid uncertainty over the U.S. tax bill.
Chinese shares traded in Hong Kong fell amid concerns Chinese regulators will limit the flow of mainland funds into the city’s stocks. The yen pared gains after a rally partly fueled by a Kyodo News report that Japan detected radio signals suggesting North Korea is preparing for a missile launch. The Bloomberg dollar index inched lower as the U.S. tax debate gets underway. Oil fell for a second day after slumping from two-year highs. Copper and nickel led industrial metals lower.
China’s stocks have come under pressure in the last week after the government sounded alarm bells about a potential stock bubble and bond yields soared toward 4 percent amid efforts by authorities to reduce risk in the country’s financial markets. A gauge of Chinese shares traded in Hong Kong dropped more than 1 percent, weighing on the Hang Seng Index.
Stocks
The Topix index fell 0.3 percent at the close in Tokyo and the Nikkei 225 Stock Average ended flat.
Hong Kong’s Hang Seng Index fell 0.6 percent as the Hang Seng China Enterprises Index declined 1 percent. The CSI 300 Index of Chinese large-caps, which has born the brunt of the recent selloff, was down 0.1 percent after dropping as much as 1 percent earlier.
Futures on the S&P 500 fell 0.1 percent. The main gauge fell less than 0.05 percent in New York.
The MSCI Asia Pacific Index dropped 0.3 percent. A subindex of energy companies and a gauge of mining stocks were the biggest decliners among subgroups in the index as a drop in metals continued in Asia.
Currencies
The Bloomberg Dollar Spot Index fell less than 0.1 percent.
The yen dipped 0.1 percent to 111.18 per dollar after climbing 0.4 percent on Monday to the strongest in 10 weeks.
The New Zealand dollar advanced 0.4 percent to 69.38 per dollar ahead of a central bank financial stability review.
The euro was little changed at $1.1903 after its first decline in a week.
The pound traded at $1.3329.
Bonds
The yield on 10-year Treasuries held at 2.33 percent.
Australia’s 10-year bond yield fell three basis points to 2.49 percent.
Commodities
West Texas Intermediate crude extended a decline, falling 0.6 percent to $57.76 a barrel.
Gold was steady at $1,294.16 an ounce, around the highest in over five weeks.
Copper on the LME fell for a second day, down 1.4 percent to $6,846.50 a ton. Nickel on the LME dropped 1.7 percent.
Chinese shares traded in Hong Kong fell amid concerns Chinese regulators will limit the flow of mainland funds into the city’s stocks. The yen pared gains after a rally partly fueled by a Kyodo News report that Japan detected radio signals suggesting North Korea is preparing for a missile launch. The Bloomberg dollar index inched lower as the U.S. tax debate gets underway. Oil fell for a second day after slumping from two-year highs. Copper and nickel led industrial metals lower.
China’s stocks have come under pressure in the last week after the government sounded alarm bells about a potential stock bubble and bond yields soared toward 4 percent amid efforts by authorities to reduce risk in the country’s financial markets. A gauge of Chinese shares traded in Hong Kong dropped more than 1 percent, weighing on the Hang Seng Index.
Stocks
The Topix index fell 0.3 percent at the close in Tokyo and the Nikkei 225 Stock Average ended flat.
Hong Kong’s Hang Seng Index fell 0.6 percent as the Hang Seng China Enterprises Index declined 1 percent. The CSI 300 Index of Chinese large-caps, which has born the brunt of the recent selloff, was down 0.1 percent after dropping as much as 1 percent earlier.
Futures on the S&P 500 fell 0.1 percent. The main gauge fell less than 0.05 percent in New York.
The MSCI Asia Pacific Index dropped 0.3 percent. A subindex of energy companies and a gauge of mining stocks were the biggest decliners among subgroups in the index as a drop in metals continued in Asia.
Currencies
The Bloomberg Dollar Spot Index fell less than 0.1 percent.
The yen dipped 0.1 percent to 111.18 per dollar after climbing 0.4 percent on Monday to the strongest in 10 weeks.
The New Zealand dollar advanced 0.4 percent to 69.38 per dollar ahead of a central bank financial stability review.
The euro was little changed at $1.1903 after its first decline in a week.
The pound traded at $1.3329.
Bonds
The yield on 10-year Treasuries held at 2.33 percent.
Australia’s 10-year bond yield fell three basis points to 2.49 percent.
Commodities
West Texas Intermediate crude extended a decline, falling 0.6 percent to $57.76 a barrel.
Gold was steady at $1,294.16 an ounce, around the highest in over five weeks.
Copper on the LME fell for a second day, down 1.4 percent to $6,846.50 a ton. Nickel on the LME dropped 1.7 percent.
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