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Asia Stocks Drop as Trade News Awaited


Friday, 15 February 2019 08:28 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asian stocks retreated from the highest levels since October following a dip in U.S. equities as economic-growth concerns resurfaced and investors questioned the potential for progress on U.S.-China trade.

The MSCI Asia Pacific Index dropped 0.4 percent as of 8:08 a.m. Hong Kong time. It's still on course for a 1 percent gain this week. The gauge on Wednesday closed at its highest since October. South Korea's Kospi index fell 0.9 percent.

Shares in Japan and Korea bore the brunt of the early losses, while futures on the S&P 500 Index dipped.

The worst drop in U.S. retail sales in nine years weighed on shares on Wall Street overnight, and sent the 10-year Treasury yield down to 2.65 percent. Signs that Congress would avert another government shutdown limited losses in equities until President Donald Trump said he intends to declare a national emergency to get more money for a border wall.

Source: Bloomberg


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