Stock Rally Pauses as Asia Falls; Treasuries Gain
Thursday, 10 January 2019 08:59 WIB |
MARKET UPDATE |MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik
The post-Christmas rally in global equities stalled on Thursday in Asia as investors took a step back in the absence of any concrete details on trade negotiations. The yen and Treasuries gained.
The MSCI Asia Pacific Index fell 0.3 percent.
The steepest declines were in Japan, while S&P 500 Index futures retreated as while the U.S. and China laid the ground for resolving trade issues, negotiations seem likely to continue indefinitely. Shares fell in South Korea and Hong Kong, and fluctuated in Shanghai.
Japan's Topix index fell 1 percent as of 10:27 a.m. in Tokyo. Australia's S&P/ASX 200 Index lost 0.1 percent. South Korea's Kospi fell 0.2 percent. Hang Seng Index lost 0.3 percent.
The offshore yuan stayed at the strongest since August. The dollar was steady and crude pulled back after climbing above $52 a barrel and entering a bull market.
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