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Asian Stocks Slide; U.S. Equity Futures Edge Up


Tuesday, 18 December 2018 15:45 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asian stocks slid on Tuesday following a sell-off in their U.S. counterparts and as President Xi Jinping offered no fresh commitments to open or stimulate China's economy in a keynote speech, to the disappointment of some observers.

The MSCI Asia Pacific Index decreased 1 percent to the lowest in a week. South Korea’s Kospi index fell 0.4%.

U.S. equity futures showed signs of stabilizing on Tuesday, but it wasn’t enough to prevent declines across Europe and Asia as the rest of the world played catch-up to the rout in American stocks a day earlier. Treasuries, gold and the Japanese yen advanced amid the risk-off mood.

Futures for the S&P 500 Index showed a small rebound after the underlying gauge plunged to the lowest in 14 months on Monday. Oil extended recent declines and WTI hit $49 a barrel, heaping pressure on energy stocks.

Source: Bloomberg


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