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Asia Stocks Set to Decline as Selloff Intensifies: Markets Wrap

(Bloomberg) Shares in Asia headed for a sixth daily decline Friday against the backdrop of worries about China and higher interest rates.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildA gauge of the region’ ....

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Emerging-Market Credit Risk Jumps as Hawkish Tilt Batters Bonds

(Bloomberg) The emerging-market selloff that started in equities and spread to currencies this month has now gripped bonds, as traders rush to unwind bets they made on expectations for interest-rate cuts.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Blames Ze ....

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Tech Behemoths Drag on Stocks as Bonds Sell Off: Markets Wrap

(Bloomberg) Tech heavyweights dragged on US benchmarks with stocks poised to extend a slump into a third day, a global bond market selloff intensified. The S&P 500 erased early gains, the equities gauge has closed below a closely-watched technical level twice this week. The Nasdaq 100 fell 0.5% with Apple Inc. and Tesla Inc. weighing on the large-cap growth index. While many investors had believed that the Federal Reserve was done raising interest rates, that’s no longer a sure thing after minutes from last meeting suggested officials are considering tighter policy. Data showing the labor market remains healthy did little to change the narrative Thursday. Investors will be turning to next week’s gathering of policy makers at Jackson Hole in Wyoming to gauge Fed sentiment. “This week’s data hasn’t given them any reason to let their guard down,” said Mike Loewengart at Morgan Stanley Global Investment Office. “With housing starts, retail sales, and jobless claims all rein ....

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