Asia Stocks Drop With U.S. Futures; Havens Gain: Markets Wrap

(Bloomberg) — Asian stocks and U.S. equity futures dropped, while the yen and Treasuries advanced, as optimism over policy stimulus gave way to recovery concerns caused by rising infection numbers in some locations.Shares fell in Japan, Australia and Hong Kong as the global equity rally seen earlier this week continued to show signs of fatigue. S&P 500 Index futures retreated after the index swung between gains and losses for most of Wednesday on light volume before closing in the red. The yuan and Chinese bond yields traded flat, erasing earlier losses seen in the wake of China’s central bank cutting …read more

Source:: Yahoo Finance

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