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China ADRs Tumble in Longest Rout Since 2019 on Regulation Risks
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China ADRs Tumble in Longest Rout Since 2019 on Fresh Risks
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Stocks Steady; Bond Yields Up Amid Commodity Jump: Markets Wrap
Bloomberg 41 mins ago Andreea Papuc and Emily Barrett
(Bloomberg) Asian stocks were steady Wednesday following a renewed rise in Treasury yields and a jump in commodity prices, with investors also cautious ahead of the Federal Reserve’s policy decision.
Shares posted modest gains in Japan but slipped in South Korea and fluctuated in China. U.S. contracts edged up after the Nasdaq 100 dropped for the first time in three sessions amid declines in heavyweights such as Tesla Inc. Alphabet Inc. shares rallied in postmarket trade on stronger-than-expected quarterly sales. The S&P 500 closed little changed after swinging between gains and losses.
Stocks, U.S. Futures Steady as Treasuries Hold Dip: Markets Wrap
Bloomberg 1 hr ago Andreea Papuc and Emily Barrett
(Bloomberg) Asian stocks were steady Wednesday and U.S. equity futures edged higher amid cautious trading following a renewed rise in Treasury yields ahead of the Federal Reserve’s policy decision.
Shares rose modestly in Japan, fell in South Korea and fluctuated in China. European and U.S. equity futures inched up after drops in heavyweights like Tesla Inc. weighed on U.S. stock gauges as investors digested earnings.
Treasuries held a decline that sent benchmark 10-year yields back above 1.6%. A surge in commodities including copper and wheat paused but is fanning concerns about prices pressures. Goldman Sachs Group Inc. analysts predicted commodities will extend their scorching rally over the next six months as the global economy rebounds from the pandemic.
Charting Global Economy: U S Employment, Manufacturing Power Up
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