Stocks, Futures Fall Amid Growth, Valuation Risks: Markets Wrap

Stocks, Futures Fall Amid Growth, Valuation Risks: Markets Wrap

(Bloomberg) -- Asian stocks Wednesday snapped an eight-day winning streak as a rally in Japan moderated and traders evaluated the risk of a slower recovery from the pandemic due to the delta virus variant.

Shares fell in Hong Kong and fluctuated in China, where the mouthpiece of China’s Communist Party ran an editorial seeking to ease concern that President Xi Jinping’s regulatory crackdown will hurt foreign investors. Equities climbed modestly in Japan, supported by hopes for economic stimulus from the next prime minister. U.S. and European stock futures were steady.