Equities pare early gains - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
Asian equities follow Wall Street south
March 5, 2021SharePrint
US bond tantrum sends equities reeling
A not dovish enough Jerome Powell overnight saw the bond tantrum return, throwing more gloom on an already wobbling equity market. The S&P 500 by 1.34%, the tech-heavy Nasdaq plunged by 2.11%, and the previously steady Dow Jones retreated by 1.11%. US index futures continue lower in Asia, down by between 0.35% and 0.50%.
The picture is a little more mixed in Asia, but still mostly negative. The Nikkei 225 has fallen by 1.50%, with the Kospi down 0.85%. In China, though, markets have reversed an initial selloff and are now in the green. The Shanghai Composite and CSI 300 are both 0.10% higher now, although the Hang Seng is down 1.05%. The China outperformance can be laid at the National People’s Congress door, which has stated it wishes to explore joining the RCEP and deepen trade with South Korea, an important economic player in the region. It is also expected to announce mass
Dude, where's my toys? - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
Asian equities floored by US sell-off - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.