Asian stocks rose Monday as traders sought to take advantage of last week’s selloff while keeping a wary eye on risks from the delta virus strain and China’s crackdown on private industries. The dollar fell.
MSCI Inc.’s gauge of Asia-Pacific shares posted one of its biggest daily rallies this month, led by Japan. Chinese technology stocks rebounded from a prolonged selloff, while South Korea climbed as export data signaled resilient global demand. U.S. and European equity futures were in the green after dip buyers spurred an advance in the S&P 500 and Nasdaq 100 on Friday.
Treasury yields ticked up and the dollar dipped for the first day in six on easing demand for havens. Investors are also looking ahead to the Jackson Hole symposium Thursday, which may offer insights into how the Federal Reserve plans to taper bond purchases.
Some of the recent weakness in commodities abated, with oil pushing past $63 a barrel. Commodity-linked currencies like the Australian dollar strengthened. Bitcoin retook $50,000 for the first time since mid-May.
Nikkei +1.94% Hang Seng +1.65% CSI +1.01% Shanghai +1.14% Shenzen +2.09%
Eur$ 1.172 CNH 6.4949 CNY 6.4915 JPY 109.90 GBP 1.3654 CHF 0.9165 RUB 74.0535 TRY 8.4934 WTI$ 63.23 +1.75% GOLD 1,786.75 +0.31% BTC 50,375 +1960 ETH 3,350 +200
S&P +0.37% Nasdaq +0.39% EuroStoxx +0.76% FTSE +0.56% Dax +0.72% SMI +0.53%
Macro :
- Ant Denies Rumors of Illicit Purchase of Pre-IPO Stake in Co.
- Hedge Funds Can’t Dump Chinese Stocks Fast Enough: China Today
- Bitcoin Knocks on Door of $50,000 After Rising Above Resistance
- Henri Nearly a Hurricane, Aiming for Long Island and New England
- Nickel Is Becoming a Battleground for Bets on Battery Future
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