Stocks in Shanghai opened almost 9% lower, while local iron ore and copper futures fell by the daily limit. Equities came off their lows in Tokyo, Seoul and Sydney and fluctuated in Hong Kong. Oil and gold saw modest declines, while the yuan fell past the key 7-per-dollar level. The deadly outbreak showed no signs of slowing with China’s death toll reaching at least
Elsewhere, the pound dipped as investors reacted to a report that UK Prime Minister Boris Johnson could walk away from talks over Britain’s future trade relationship with the European Union. Indian bonds surged after the government refrained from announcing higher debt sales in Saturday’s budget.
Here are some key events coming up:
first contest to choose a Democratic nominee to run against Donald Trump in November is the Iowa caucuses Monday.The US manufacturing gauge from the Institute for Supply Management is due Monday. There are also a slew of other PMIs, including India and Brazil.Tuesday brings a policy decision from the Reserve Bank of Australia. employment report for January.
The MSCI Asia Pacific Index fell 0.9% as of : 67 PM in Tokyo.Japan’s Topix index lost 0.7% .Shanghai Composite Index fell 8.1% .Hong Kong’s Hang Seng Index was little changed.South Korea’s Kospi index retreated 0.1% .Australia’s S & P / ASX 500 Index dropped 1.2% Futures on the S&P 823 added 0.6%. The index declined 1.8% on Friday.Euro Stoxx (contracts rose 0.1%.)
The yen fell 0.2% to (per dollar.The offshore yuan fell 0.3% to 7.) per dollar.The euro bought $ 1. , down 0.1% .The pound lost 0.4% to $ 1.
(The yield on
– year Treasuries ticked up two basis point to 1. %. Australia’s
– year yield dropped four basis points to 0. (%. Commodities
West Texas Intermediate crude lost 0.3% to $ 53 a barrel.Gold fell 0.5% to $ 1, . an ounce.
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