Asian shares fell on Thursday and U.S. Treasury yields ticked lower as investors fretted over the slow pace of U.S. stimulus talks and a surge in global cases of COVID-19.
Asian Shares
- In morning trade, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.63%.
- Australian shares .AXJO gave up 0.6%, Seoul’s Kospi .KS11 was off 0.59%.
- Chinese blue-chips .CSI300 dropped 1.1%.
- The Nikkei .N225 was 0.69% lower.
Currency Markets
- On Thursday, the dollar was 0.11% higher against the yen at 104.67.
- The euro notched down 0.19% to $1.1839.
Commodities
- In commodity markets, oil prices dropped, adding to sharp losses overnight, after higher U.S. gasoline inventories pointed to a deteriorating outlook for fuel demand as coronavirus cases soar.
- U.S. West Texas Intermediate (WTI) crude futures fell 0.6% to $39.79 a barrel and Brent crude futures wer 0.48% lower at $41.358 a barrel.