Asian Equities Slide US Stock Futures China Asi; Fixed Dollars By Reuters


By Kevin Buckland

Tokyo (Reuters) – U.S. Stock Futures and Asian Shares outside China tumbled as investors grappled with a free Chinese model in China.

Meanwhile, the dollar rose after President Donald Trump seized in Colombia with retaliation levies and sanctions for the withdrawal of military planes carrying military personnel.

US Futures fell 1.8% as of 0158 gmt and ended up 0.9%.

fell by 0.3%, again the first improvement. New Zealand’s equity benchmark Equity closed up 0.6% and Singapore’s Strits’s Strits Times Index lost 0.2%.

At the same time, the rally of 0.9% and mainland blue chips added 0.2%, even after the data showed a surprise restraint in production this month.

Deepseeek “has increased the fine of disruption in the Tech Landscape, suggesting that China will continue to impose restrictions on AI,” You Jun Rong, a strategist at IG, wrote in a note.

It “seems to investigate some of the concerns of the management of Tech Tech”, which puts “the” Tech Company “Handy” completely under scrutiny again”, he said.

In currencies, the dollar jumped 0.3% against the in offshore trading, and rallied 0.4% versus the and 0.5% versus the New Zealand dollar, with the antipodean currencies tending to act as more liquid proxies for China’s currency due to close trade ties.

The Mexican Peso slumped 1% and the Canadian dollar closed 0.3%, although the Colombian PESO rallied 1.2%.

The strength of Dollar Fleeting

China, Mexico and Canada face a nery waiting for Trump Last Week SEB. 1 for more deals with the United States’ main trading partners.

However, Nomura Strategist Naka Matsuzawa expects the strength of the dollar on Tariff concerns to be floated.

“As a trend, Trump has taken a more realistic, less aggressive stance on tariffs,” Matsuzawa said.

“Bottom line: Trump doesn’t want big tariffs because he’s worried about inflation,” he said. “The dollar will generally be weak.”

Trump last week addressed market concerns by saying he wanted to avoid tariffs on China, and said he would reach a trade deal.

The volatility of asset classes kicks off an important week for markets that will see the Federal Reserve and European Central Bank – among others – Set monetary policy.

At the same time, many bourses extended the holidays this week for the lunar New Year. Among them, South Korea was closed on Monday and Tuesday, while Taiwan was closed all weekend. Mainland China is away from Tuesday to Wednesday next week. Australia is closed on Monday for Australia Day.

Meanwhile, prices fell after Trump on Friday repeated his call for OPEC to cut oil prices.

Futures fell 1.2% to $77.60 a barrel, while US West Texas Intermediate Crude lost 1.2% to $73.78 a barrel.

© Reuters. A visitor stands next to an electronic screen showing Japan's Nikkei Stock Plain, inside Tokyo, Japan February 22, 2024. Photo

Gold is up 0.6% to $2,755.85 per ounce.

The leading cryptocurrency Bitcoin slid 3.5% to $ 101,415.12.





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