MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8 per cent, led by declines in South Korean shares with a loss of 4.1 per cent
Overnight, a rally in US tech shares buoyed both the US S&P 500 and Nasdaq, though futures pointed to declines of 0.3 per cent and 0.5 per cent, respectively
Gold prices fell, edging further away from the record peak it has been at most of last month, while oil prices rose after Opec+ decided to hold off production hikes
It stands out against other top stock performers that underscore the divide between US attempts to onshore tech production on one side, and China's push to bolster self reliance on the other side
Chinese stocks lagged after a dismal reading on China's factory activity in October weighed on sentiment
The yield on the US 10-year Treasury bond was last around a three-week high of 4.068 per cent, up 1 basis point compared with a previous close of 4.058 per cent
Also key for investors later in the day will be a highly anticipated rate decision from the Fed, where a 25-basis-point cut is almost fully priced in
Traders aren't chasing the rumour this time; they're watching, weighing, waiting for something real to sign, said Stephen Innes, managing partner at SPI Asset Management
Asian shares rallied and US futures jumped Monday, with Japan's benchmark Nikkei 225 topping 50,000 for the first time. Work on trade deals that might alleviate friction between the US, China and other major trading partners contributed to upbeat sentiment as US President Donald Trump visited Malaysia for a summit of Southeast Asian nations where he reached preliminary trade agreements with Malaysia, Thailand, Cambodia and Vietnam. A trade deal between the United States and China was drawing closer, officials from the world's two largest economies said Sunday as they reached an initial consensus for Trump and Chinese leader Xi Jinping to try to finalise during a high-stakes meeting later in the week. This isn't just photo-op diplomacy. Behind the showmanship, Washington and Beijing's top trade lieutenants have quietly mapped out a framework that might, just might, keep the world's two largest economies from tearing up the field again, Stephen Innes of SPI Asset Management said in a
As the US government shutdown blots out most economic data, the spotlight is on Friday's consumer price figures for signals about next week's policy meeting at the Federal Reserve
MSCI's broadest index of Asia-Pacific shares outside Japan was last off 0.3 per cent, while Japan's Nikkei 225 sank 1.5 per cent
Asian shares were mostly lower Wednesday on selling of technology shares following a lackluster day on Wall Street. US futures edged higher, while crude oil prices rose about $1 a barrel. Chinese markets retreated after US President Donald Trump cast doubt on whether or not he will meet with Chinese leader Xi Jinping later this month. Maybe it won't happen, maybe it won't happen, he said while hosting a lunch for Republican Party senators at the White House. However, Trump also said he was expecting to do well in negotiations with China. I'm going to see President Xi in two weeks... We're going to meet in South Korea, he said. We're going to talk about a lot of things they want to discuss. Trump is travelling in the next several days to Japan and South Korea, in part, to finalise the terms of investments from those countries as part of an agreement to minimise the tariff rates Trump is charging on foreign goods. Hong Kong's Hang Seng dropped 1% to 25,769.83, while the Shanghai .
A broad rally sent all three major US stock indexes to a sharply higher close overnight with chip stocks hitting a record high
Japan's Nikkei led Asia higher with a rise of 1.5 per cent encouraged by news the Liberal Democratic Party and the Japan Innovation Party have agreed to form a coalition government
Asian shares skidded Friday following a retreat on Wall Street driven by concerns over banks' loan portfolios. US futures and oil prices also fell, while the price of gold climbed to over $4,383 an ounce as Washington and Beijing swapped harsh words over trade. Japan's Nikkei 225 fell 1.3% to 47,646.31, tracking US losses. Uncertainty over the choice of a new prime minister has also weighed on investor sentiment. Conservative lawmaker Sanae Takaichi was elected to head the ruling Liberal Democratic Party but last week's collapse of its coalition with the Buddhist-backed Komeito cast doubt over whether she would garner enough support in the lower house of parliament to prevail in a vote expected next week. Takaichi has led efforts to form a new alliance with the Osaka-based Japan Innovation Party, which would improve her chances of becoming Japan's first female prime minister. In Chinese markets, shares fell as trade tensions with Washington intensified. Hong Kong's Hang Seng index
Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view
Wall Street's main indexes ended as much as 2.2 per cent higher on Monday, led by chipmakers, after Trump struck a more conciliatory tone about US-China trade tensions
A holiday in Japan and the United States made for choppy early trading and political uncertainty still shrouded Japanese and European assets
SINGAPORE (Reuters) -Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher. Regional markets remain on track for one of their best years in a decade, firmly outstripping gains for U.S. counterparts as President Donald Trump's package of economic policies and tariffs prompts a surge of orders across the region to meet booming demand for AI-linked technology hardware. The U.S. trading session marked the point where a number of "well-subscribed, high-momentum trades" including gold, silver, crypto, and much of the S&P 500 "finally showed signs of exhaustion," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, last down 0.2% as its gains for the week hung in the balance, after U.S. stocks ended the previous .
Stocks in Taiwan climbed 1.2 per cent to a fresh record, while MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.3 per cent