July 16, 2024

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Asian Stocks Drop on Worries Over Global Risks: Markets Wrap

2 min read

Asian stocks fell as concern over France’s political crisis stoked anxiety in global markets, while traders awaited policy decisions from major central banks due this week.

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(Bloomberg) — Asian stocks fell as concern over France’s political crisis stoked anxiety in global markets, while traders awaited policy decisions from major central banks due this week.

MSCI’s Asia Pacific Index fell most in two weeks, as Japanese stocks led the decline. Stocks also dropped in Hong Kong and mainland China after the People’s Bank of China kept its medium-term lending facility rate unchanged. Benchmark 10-year Treasuries slipped and US equity futures were little changed. Markets including Singapore, India and Indonesia are closed for holidays. 

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Bloomberg News

2024-06-16 20:42:50

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