Asian Stocks Drop, Dollar Slips Amid Wary Trading: Markets Wrap

Asian Stocks Drop, Dollar Slips Amid Wary Trading: Markets Wrap

(Bloomberg) — Asian equities opened lower and major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress.

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Stocks dropped in Japan, Australia and South Korea while futures for Hong Kong fell. Contracts for the S&P 500 and Nasdaq 100 rose after tumbling Friday, when Treasury yields climbed as year-ahead inflation expectations increased….


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