(Bloomberg) Asian stocks started March on a weak footing after U.S. shares tumbled in afternoon trading Wednesday. Treasuries and the dollar steadied as traders awaited a second appearance from Federal Reserve Chairman Jerome Powell, whose comments riled markets earlier this week. Shares in Japan, Hong Kong and Australia fell with materials and health-care stocks faring worst. Chinese shares outperformed after the Caixin manufacturing gauge came in above expectations. Futures on the S&P 500 Index declined after the U.S. measure closed out its worst month in two years.
Asian Stocks Fall as Traders Await Powell Hearing
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