Asian stocks tumbled to a one-month low on Thursday

Asian stocks tumbled to a one-month low on Thursday as already-growing market fears about global growth were fanned by the United State announcement of new import tariffs on products from the European Union.

Asian stocks

  • MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.60%.
  • Japan’s Nikkei stock index closed down 2.00%, the biggest one-day decline since Aug. 26.
  • Australian shares slumped 2.07% to a five-week low.
  • The pan-region Euro Stoxx 50 futures were down 0.38%.
  • FTSE futures were off 0.34%.
  • U.S. stock futures were up 0.22%.

Bonds

  • The yield on 10-year Treasuries decreased four basis points to 1.59%.
  • Britain’s 10-year yield climbed three basis points to 0.500%.
  • Japan’s 10-year yield dipped two basis points to -0.164%.

Currency

  • The euro advanced 0.2% to $1.0959.
  • The Japanese yen gained 0.5% to 107.19 per dollar.

Oil prices

  • Brent crude fell 0.21% to $57.60 per barrel.

Source

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