Asian shares, oil ease as U.S.-China standoff spreads

Asian stocks fell the most in a week on Wednesday as the United States and China’s broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

Asian Shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.61%.
  • Chinese shares fell 0.32% after briefly touching a five-week low.
  • Australian shares were down 0.76%.
  • Pan-region Euro Stoxx 50 futures  edged up 0.03%.
  • German DAX futures rose 0.03%, while FTSE futures eased 0.08%.
  • Japan’s Nikkei slid 0.73%, its biggest decline in a week.
  • Hong Kong shares fell 0.68% due to persistent worries about often violent protest against China’s rule of the former British colony.

Currency

  • The onshore yuan opened at its weakest since Sept. 6 but then traded relatively flat at 7.1434 per dollar.
  • The dollar index was little changed at 99.095. The euro traded at $1.0962, and the yen fell slightly to 107.15 per dollar.
  • The euro increased 0.2% to $1.0984.
  • The British pound climbed 0.1% to $1.2232.
  • The Japanese yen weakened 0.1% to 107.24 per dollar.

Bonds

  • The yield on 10-year Treasuries rose one basis point to 1.54%.
  • The yield on two-year Treasuries increased less than one basis point to 1.42%.

Oil prices

  • U.S. crude fell 0.48% to $52.38 per barrel.
  • Brent crude (LCOc1) fell 0.41% to $58.00 a barrel.

Investing.com

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