Global stocks tumbled in early Asian trade on Thursday, on signs Washington and Beijing were still wide apart on trade issues and were making no progress in deputy-level talks. Nifty futures on Singapore exchange traded with deep cuts, signalling weakness following Wednesday’s big rally.
Global Stocks
- Futures on the S&P 500 Index were little changed after dropping as much as 1.3%.
- Japan’s Topix Index closed little changed after sliding 1.1% earlier.
- Korea’s Kospi Index fall 0.6%.
- Shanghai Composite advanced 0.6%.
- Hang Seng Index rose 0.4%.
- Euro Stoxx 50 futures were up 0.2%.
Currencies
- The yen was flat at 107.53 per dollar after rising as much as 0.4% earlier.
- The offshore yuan was up 0.3% at 7.1136 per dollar after falling as much as 0.4% earlier.
- The euro gained 0.1% to $1.0985.
- The Aussie climbed 0.3% to 67.45 U.S. cents.
Commodities
- West Texas Intermediate crude fell 0.3% to $52.46 a barrel after tumbling as much as 2.3% earlier.
- Gold was little changed at $1,504.87 an ounce.