Asian stocks are falling again and the dollar is drifting for Reuters

By Alun John

HONG KONG (Reuters) – Asian stocks gave up on first gains to fall again on Thursday, weighed down by falls in China and Hong Kong, even after a strong Wall Street advance that had also pushed the dollar at the bottom of its recent reach.

MSCI’s broader Asia-Pacific stock index outside of Japan fell 0.45% from behind, while it fell 0.47%, after hitting a 31-year high. arrive Monday.

“It’s a bit messy and uncertain right now, we’ve had a few smooth days because of concerns about global growth, and suddenly the markets, at least the Americans, conclude‘ it’s not that bad after all. “” said Shane Oliver, chief economist at AMP (OTC 🙂 Capital.

He added that worries about inflation and supply chain issues could still weigh on stocks in the coming weeks and “of course, in Asia we have a slowdown in China.”

There were gains on Thursday in Australia, up 0.65%, but Hong Kong’s benchmark fell 0.42% and property names continued to drag on.

Chinese blue chips lost 0.66%, a day after economic data missed expectations.

Future U.S. stock markets, the, were flat.

Overnight, US stocks closed higher as rising oil prices raised energy quotas and a series of positive U.S. data supported those who believe the growth in oil prices is rising. The world’s largest economy should remain strong.

The rise of 0.68%, 0.85% and 0.82% added. ()

This risky mood pushed the dollar down overnight against a basket of other major currencies, but changed little in Asian hours, with Westpac analysts saying the greenback appeared to be fixed in the its recent rank.

They said payroll and inflation data meant the U.S. Federal Reserve could take a long time to reduce its massive asset purchases, which would normally raise the dollar, while “the downside is unlikely to develop. soon, with concerns about the impact of Delta (a variant of the coronavirus) the global rebound outlook continues to turn, as China’s weakest August activity data underscores. ”

U.S. Treasury yields fell in Asian hours, with a benchmark yield of 1.299% compared to the U.S. close of 1.304%. Westpac analysts said this also seemed likely to be largely limited to rank.

Oil prices fell and dropped some of this week’s strong gains due to a larger-than-expected reduction in crude oil stocks in the United States.

which peaked since late July Wednesday, fell 0.24% on Thursday to $ 75.3 a barrel, while it fell 0.22% to $ 72.45 a barrel.

was flat at $ 1794.41 per ounce, after falling below the key level of $ 1,800 on Wednesday, hit by a technical sales attack[GOL/]