(Bloomberg) European shares followed their Asian counterparts lower as investors continued to lock in gains in the year’s better performing assets amid a broad risk-off mood. The dollar steadied and Treasuries climbed as focus turns to efforts to avert a U.S. government shutdown on Saturday. The Stoxx Europe 600 Index dropped a second day as technology and basic resource shares led the decline. In Asia, Japanese equities fell sharply as the yen rose, and Hong Kong’s Hang Seng Index slumped. The MSCI Asia Pacific Index is set to fall for the eighth day, the longest run of losses since 2015.
Stocks Slump as Risk-Off Takes Hold; Bonds Advance
This entry was posted in Syndicated. Bookmark the permalink.
