Oil was steady as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week.
Hong Kong’s relaxation of mortgage rules for first-time buyers of homes under construction is unlikely to lift a property market that’s been burdened by high borrowing costs, according to analysts.
Chinese stocks were among the hardest hit across broadly lower equity markets in Asia on Monday in a further sign of cautious sentiment. Treasuries crept lower and oil gained for a second day.
A senior banker at Nomura Holdings Inc. has been barred from leaving China in a move connected to a long-running investigation of a top dealmaker in the country, the Financial Times reported.
Daiichi Sankyo Co. shares jumped by the most in a year after a drug it developed with AstraZeneca Plc showed favorable results in a trial for a common type of breast cancer.
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