Asian shares fall as weak data inflames growth fears
Asian shares fell on Tuesday, following a volatile Wall Street session as weak economic indicators and an intensifying Sino-U.S. trade war inflamed concerns about global growth, supporting safe-haven assets such as bonds.
Asian shares
- The broad index was pulled lower by Chinese shares. China’s blue-chip CSI300 index (CSI300) was 1.17% lower, and the Hang Seng (HSI) lost 0.65%.
- Asia-Pacific shares outside Japan (MIAPJ0000PUS) was down 0.3%.
- Seoul’s Kospi (KS11) gave up 0.16%.
- Australian shares (AXJO) were up 0.1%.
- Japan’s Nikkei (N225) gave up early gains to turn down 0.42%.
- The S&P 500 (SPX) lost 0.28% to 2,744.45 and the Dow Jones Industrial Average (DJI) eked out a 0.02% gain to 24,819.78.
Currency
- The euro (EUR=) was 0.11% stronger at $1.1252,.
- The dollar index (DXY), which tracks the greenback against a basket of six major rivals, was up 0.03% at 97.175.
- Japan’s yen strengthened, with the dollar dropping 0.05% against the Asian safe-haven to 108.01.
Bonds
- The two-year yield (US2YT=RR) rose to 1.8837% compared with a U.S. close of 1.84%.
Commodities
- Gold was down 0.11% at $1,323.27 per ounce, but still near three-month highs.
- U.S. crude (CLc1) was down 0.24% at $53.12 a barrel.
- Brent crude (LCOc1) dropped 0.42% to $61.02 per barrel.