MSCI Inc.’s Asia-Pacific stock gauge tumbled to the lowest since mid-May with equities retreating from Japan to Australia. Economically sensitive sectors such as industrials and materials led the index lower. A Hong Kong gauge of Chinese stocks is on track for a bear market as Beijing clamps down on the tech sector. U.S. equity futures fell after the S&P 500 and Nasdaq 100 dipped from records.
Treasuries pared an overnight advance but the 10-year yield is still on course for one of its biggest weekly slides since June last year. At one point in U.S. hours the 30-year Treasury yield broke below 1.90% for the first time since February.
US futures rise with stocks as bond rally stalls: markets wrap
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Stocks gain, bonds retreat in broad-based rebound
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