Asian stocks fell, with the benchmark index headed for a five-week low, after China’s leaders failed to outline steps to curb state dominance of the economy and amid bets the Federal Reserve may start reducing stimulus next month.
Hong Kong stocks fell, with the city’s benchmark index falling to near a 10-week low, after China’s leaders failed to give details about a policy shift after a summit to discuss reform and amid bets the Federal Reserve will cut stimulus sooner than expected.
The euro weakened the most in six months versus the dollar as inflation in the region slowed more than forecast and improving U.S. economic data fueled speculation the Federal Reserve will taper stimulus in coming months. Treasuries, gold and U.S. stocks retreated.
Asian stocks fell, trimming the best two-month rally for the regional benchmark gauge since the start of 2012, after the Federal Reserve fueled bets it may start paring stimulus sooner than previously forecast.
Connecticut lawmakers agreed on a bipartisan measure that would ban sales of semiautomatic rifles like the one used in the Newtown school massacre and require background checks on buyers in all firearms transactions.
Japanese and Australian stock futures rose after Federal Reserve Chairman Ben S. Bernanke signaled further monetary easing. Gains in Asian equities may be limited after China’s manufacturing unexpectedly contracted in August and the yen’s rise to a three-week high against the dollar weighs on Japanese exporters.
Asian stocks fell, with the regional benchmark index snapping a two-day gain, after the U.S. pledged to hold Syria’s government to account for deadly chemical- weapons attacks on its people, damping investors’ risk appetite.
Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which manages about $1 billion, comments on Asian equities. The MSCI Asia Pacific Index fell 1.4 percent to 111.57 as of 11:01 a.m. in Tokyo.
Asian stocks rose, with a regional equities gauge climbing for the fourth time in five days, after a report showed China’s economy grew 7.5 percent in the second quarter, matching economists’ estimates.