Stocks slide, dollar climbs as taper and virus fears combine – Reuters
- Date: 19-Aug-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Stocks slide, dollar climbs as taper and virus fears combine – Reuters
HONG KONG/SINGAPORE, Aug 19 (Reuters) - Asian stocks slumped to their lowest levels this year and the dollar hit 10-month highs on Thursday as a double-whammy of worries about global growth and an end to central bank support drove nervous investors toward safety.
Commodities were also sold with oil down for a sixth straight session and at three-month lows, while growth bellwether copper fell to a two-month trough.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 1.5% to its lowest level since December. S&P 500 futures fell 0.1% and Euro STOXX 50 futures were off 0.63% by midway through the Asia day.
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