(Bloomberg) — U.S. stock futures dropped and the yen advanced in early Wednesday trading in Asia, retracing some of the previous day’s moves as traders continue to test where fundamental valuations lie amid rapidly changing news flow.Asian stocks opened mixed, with the Sydney market down more than 3.5%, while shares in Tokyo edged higher. The S&P 500 Index gained 6% earlier. Australian and Japanese bond yields climbed after a tumble in Treasuries Tuesday. As the Trump administration moves toward a big fiscal package, Treasury Secretary Steven Mnuchin warned the coronavirus could send U.S. unemployment up to 20% without government intervention. …read more
Source:: Yahoo Finance
