Asian Stocks Look Set for Gains; Dollar Slips

Asian Stocks Look Set for Gains; Dollar Slips

The Edge Markets - Malaysia·2019-11-12 06:05

(Nov 12): Stocks in Asia looked set to claw back some of Monday’s losses as investors awaited further developments on a trade deal and kept an eye on the volatile situation in Hong Kong. The dollar fell for the first time in six days.

Futures pointed higher in Tokyo, Sydney and Hong Kong, where shares dropped as much as 3% Monday to lead a slide in regional markets on continued unrest in the city. In the U.S., the S&P 500 Index dropped for the first time in four sessions on below average volume. Treasuries were closed for the Veterans’ Day holiday. The pound rallied as Prime Minister Boris Johnson’s efforts to leave the European Union got a boost from the Brexit Party.

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