Asian stocks mostly weaker
Asian stocks swung lower on Tuesday, weighed by Chinese markets after data showed mainland factory prices shrinking at their fastest pace in three years while reports of German stimulus plans pushed global bond prices down
- China’s producer price index fell 0.8% in August year-on-year.
- Blue chip shares in China (CSI300) down 0.76%.
- Index of Asian stocks outside of Japan (MIAPJ0000PUS) 0.3%.
- Hong Kong’s Hang Seng Index rose 0.1%.
- Shanghai Composite Index fell 0.4%.
- The S&P 500 Index futures were flat. The index ended little changed Monday.
- The yen slipped 0.2% to 107.41 per dollar.
- The offshore yuan was flat at 7.1146 per dollar.
- The euro traded at $1.1046, little changed.
- The pound was at $1.2341.
- Yields on 10-year Japanese government bonds also rose to a four-week high of minus 0.220%.
- Benchmark 10-year Australian government bond futures fell 6.25 ticks to 98.90, approaching a five-week low.
- West Texas Intermediate crude gained 0.4% to $58.08 a barrel.
- Gold fell 0.6% to $1,489.96 an ounce.