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Stocks hit records with inflation concern fleeting
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Asia Stocks Climb With U S Market Near Record: Markets Wrap
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Asia Stocks Climb With U S Market Near Record: Markets Wrap
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Asia Stocks Dip With U.S. Futures; Dollar Edges Up: Markets Wrap
This content was published on April 12, 2021 - 04:19
April 12, 2021 - 04:19
(Bloomberg) Asian stocks slipped Monday as investors weighed an uneven global recovery from the pandemic against the latest upbeat economic assessment from Federal Reserve Chair Jerome Powell. The dollar ticked up.
Shares in China and Hong Kong underperformed, even as Alibaba Group Holding Ltd. rallied after the imposition of a record antitrust fine removed a regulatory overhang. U.S. equity futures retreated following a third straight week of gains for the S&P 500 Index, with investors bracing for earnings reports this week. European contracts were marginally in the red.