TOKYO / WASHINGTON (Reuters) – Asian stocks rebounded on Thursday amid gains and losses due to the sale of Chinese technology stocks due to concerns that they will be withdrawn from US stock markets and concerns about semiconductor shortages they dropped some investors.
MSCI’s broader Asia-Pacific stock index outside Japan rose 0.1%.
Shares of Hong Kong fell sharply as they opened, but reduced their losses to a decline of 0.18%. Alibaba Group Holding Ltd., Xiaomi Corp. and Tencent Holdings were listed lower. Shares in China rose 0.08%.
Elsewhere, Japanese stocks rose 0.71% and Australian stocks rose 0.24% as bargain hunters bought shares of consumer goods, real estate and financial companies.
US stock futures rose 0.25%.
The U.S. securities regulator is implementing measures that would expel foreign companies from U.S. stock exchanges if they do not comply with U.S. audit standards and require them to disclose any government affiliations, which are expected to be targeted. to Chinese companies.
In addition, concerns about economic stagnation in Europe, interruptions in the distribution of coronavirus vaccines, and possible tax hikes in the United States also weighed on investor sentiment.
“Rising interest rates, uncertainty in tax policy and concern about inflation remain the main goals of investors. Still, none of these issues speak of growing appetite for risk, ”said Peter Kenny of Kenny’s Commentary LLC and Strategic Board Solutions LLC in Denver.
“We’re seeing last year’s big gains outpace the overall market.”
On Wall Street, the Dow Jones Industrial Average fell 0.01%, the Nasdaq Composite fell 2.01%, while the S&P 500 lost 0.55%, according to optimistic comments from the Reserve Chairman Federal of the United States, Jerome Powell, and Secretary of the Treasury Janet Yellen, technology sector.
The value of MSCI shares worldwide increased 0.07%.
U.S. crude fell 1.45% to $ 60.29 per barrel, and Brent fell 1.21% to $ 63.64, returning some of the gains from the previous day after one of the world’s largest container ships ran aground in the Suez Canal, blocking a vital lane.
10-year U.S. Treasury benchmark yields rose to 1.6330% in Asian trade, supported by positive data on the U.S. manufacturing sector.
Investors have focused on the ten-year Treasury yield, wondering if there is room for long-term interest rates to run, said David Kelly, chief global strategist at JPMorgan Asset Management.
“We know the economy is poised to really start accelerating in the second quarter,” Kelly said. “But we haven’t seen that acceleration yet, so that’s what we’re hoping for.”
The dollar hit a high of $ 1,1804 per euro for four months on Thursday as blockages and worries about the pace of vaccinations in Europe slowed the common currency.
Even Germany’s reversal of a call for strict closure during the Easter period was unable to help the euro.
Reports by Stanley White and Katanga Johnson; Edited by Richard Chang and Richard Pullin