Asian stocks rounded out a tough week with a further sell-off Friday as technology companies in the region were roiled by escalating concerns about their U.S. business. Ten-year Treasury yields held near seven-year highs and the dollar steadied ahead of the American payrolls report.
Stocks fell across the region with tech shares leading declines after Bloomberg’s report that China infiltrated U.S. companies with hardware hacks. Chinese PC maker Lenovo Group Ltd. dropped as much as 23 percent in Hong Kong. Earlier, U.S. shares had closed lower with the Nasdaq slumping almost 2 percent. European futures were little changed.
Macro :
- Italy May Hang Budget Plan on Unrealistic View of Economy (2)
Keep an eye on :
- AGO PW : Klövern Offers SEK30 Per Share for Shares of Agora
- AKERBP NO : Aker BP 3Q Production Drops to 150,600 Boepd From 2Q
- ALV GY : Allianz to Cut 150 Jobs in Switzerland Over 3 Years
- CLNX SW : Benettons Sell 20% of Connect to Abu Dhabi Investment Auth.
- CLN SW : Clariant’s Targets Too Ambitious, Vontobel Says; Cuts To Reduce
- DUST SS : Dustin Sets Subscription Price at SEK63/Share in Rights Offer
- ENGI FP : French Lawmakers Allow State to Own Less Than Third of Engie
- ENI IM : Eni is One of Cheapest Integrated Oil and Gas Majors: BofAML
- FNTN GY : Freenet CFO Joachim Preisig to Leave at End of 2018
- HMSO LN : Property Firms May Move on Report Brookfield Eyeing Intu
- INTU LN : Brookfield Property Group Confirms Possible Offer
- INTU LN : Intu Holders May Throw in The Towel If Offer Made: Green Street
- NHY NO : Hydro Says Closing Alunorte Alumina Plant Will Take 30-60 Days
- RYA LN : Ryanair Curbs on Passenger Compensation Concern EU’s Jourova
- SGO FP : Saint-Gobain to Acquire 100% of Equity Capital of Kaimann
- UNA NA : Unilever Scrapping Proposal May Hasten CEO Retirement: Investec