Asian stocks slip as Wall Street declines linger, commodities catch breath
SINGAPORE (Reuters) -Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher. Regional markets remain on track for one of their best years in a decade, firmly outstripping gains for U.S. counterparts as President Donald Trump's package of economic policies and tariffs prompts a surge of orders across the region to meet booming demand for AI-linked technology hardware. The U.S. trading session marked the point where a number of "well-subscribed, high-momentum trades" including gold, silver, crypto, and much of the S&P 500 "finally showed signs of exhaustion," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, last down 0.2% as its gains for the week hung in the balance, after U.S. stocks ended the previous ...
SINGAPORE (Reuters) -Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher. Regional markets remain on track for one of their best years in a decade, firmly outstripping gains for U.S. counterparts as President Donald Trump's package of economic policies and tariffs prompts a surge of orders across the region to meet booming demand for AI-linked technology hardware. The U.S. trading session marked the point where a number of "well-subscribed, high-momentum trades" including gold, silver, crypto, and much of the S&P 500 "finally showed signs of exhaustion," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, last down 0.2% as its gains for the week hung in the balance, after U.S. stocks ended the previous ...
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