scorecardresearchGlobal Markets Wrap: Stocks Dip as Growth Fears Support Sovereign Bonds

Global Markets Wrap: Stocks Dip as Growth Fears Support Sovereign Bonds

Updated: 09 Aug 2022, 07:42 AM IST
TL;DR.
MSCI Inc.’s Asia-Pacific equity index shed about 0.5% amid losses in Japan, China and Hong Kong. US futures wavered and European contracts were in the red after a blow to sentiment from poor earnings at chipmaker Nvidia Corp.
A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate of South Korean won against the U.S. dollar, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 8, 2022. Asian stocks were mixed Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits. (AP Photo/Ahn Young-joon)

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate of South Korean won against the U.S. dollar, center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 8, 2022. Asian stocks were mixed Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits. (AP Photo/Ahn Young-joon)