BREAKING: Asia Stocks Take a Breather, Bonds Bet on Federal Reserve action
SYDNEY (Reuters) - Asian shares eased from all-time highs on Thursday as widening COVID-19 restrictions in the United states weighed on Wall Street, while bonds were underpinned by speculation the Federal Reserve would have to respond with yet more easing.
Losses were minor with much of the region faring better in containing the coronavirus, though a jump in new cases in Tokyo did nudge the Nikkei off 0.4% and away from a 29-year closing top.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%, though that was from a record peak.
Chinese blue chips were a fraction firmer.
E-Mini futures for the S&P 500 steadied, after Wall Street took a late dip on Wednesday.
The Dow ended down 1.16%, while the S&P 500 lost 1.16% and the Nasdaq 0.82%.
Original article:
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.