Asian stocks rattled; Trump impeachment bid raises new risks

Asian stocks fell on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.

Asian Stocks

  • MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.82%.
  • Japan’s Nikkei fell 0.63%, while Australian shares fell 0.60%.
  • U.S. stock futures,, rose 0.06% in Asia on Wednesday.
  • Chinese shares fell 0.79% while shares in Hong Kong skidded by 1.23%

Currency

  • The dollar index measuring the greenback against a basket of six major currencies was little changed after falling 0.3% on Tuesday.
  • Sterling traded at $1.2473, down 0.2%.

Oil Prices

  • U.S. crude dipped 0.75% to $56.86 a barrel.
  •  Brent crude fell 0.86% to $62.55 per barrel.

Bonds

  • The yield on benchmark 10-year Treasury notes rose to 1.6352%, while the two-year yield rose to 1.6096%.

Source

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