Asian Stocks Climb on China Boost, Dollar Steady: Markets Wrap
Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision.
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Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision.
Investors yanked money from exchange-traded funds that buy emerging-market bonds in October as traders reduced risk ahead of the high-stakes US election on Tuesday, the outcome of which remains a coin toss.
The dollar weakened as the latest raft of US presidential election polling data showed no clear advantage between Kamala Harris and Donald Trump. Asian stocks were primed for a muted open.
Just before a hotly contested US election considered a toss-up, options traders across markets appear to be reducing risk and bracing for more volatility.
More than $7 trillion of equity funds are poised to face a big reshuffling next year as FTSE Russell adopts new rules to limit the influence of the largest stocks on some of its most popular benchmarks.
For the first time in at least 3 1/2 years, BlackRock Inc. has seen clients withdraw more cash from its ESG funds in Europe than they allocated amid an apparent retreat from passive strategies, according to a fresh analysis by Morningstar Direct.
As money managers push to bring private credit to public markets, investors in a new breed of exchange-traded fund will want to know how they can get out when markets are stressed. Their early plans aren’t resolving doubts.
Beyond Bitcoin’s rally toward another all-time high and renewed ETF inflows, a bleaker picture of crypto is emerging, one where waning interest in once-hot assets prompts some companies to slash jobs.
Asian equities were set to slip after US stocks dropped on lackluster tech results. A rally in Treasuries favored the long end of the curve ahead of US jobs data due later Friday.
Bond prices in China are increasingly being influenced by stock market flows, with a rush from fixed-income to equities pushing the correlation between the two markets to its most extreme level in over four years.
Mizuho Financial Group Inc. has formed a partnership with Saudi Arabian sovereign wealth fund Public Investment Fund, and plans to launch an exchange-traded fund that invests in the Middle Eastern nation’s stocks.
Lagged effect of Fed monetary policy is also a concern
BlackRock Inc.’s Bitcoin fund posted an unprecedented net inflow as speculation over how the US election may play out stirs demand for the largest digital asset.
Two exchange-traded funds tracking shares in Hong Kong and China are debuting in Saudi Arabia this week, as investments and financial links between the Asian city and the oil-rich kingdom grow.
Asian equities braced for declines Thursday after US stocks and government bonds fell as robust economic data blurred the picture for imminent Federal Reserve rate cuts.
It hearkens back to a go-go era that Wall Street might want to forget. Yet that’s not stopping AQR Capital Management, Man Group and Acadian Asset Management from selling with renewed zeal a breed of leveraged product that fell into ill repute after the global financial crisis.