Asian Stocks Erase Gains in Run Up to Quarter-End – Asia Market Wrap

Asian markets lost previous gains as traders remained cautious ahead of the quarter’s conclusion and the publication of the Federal Reserve’s favoured inflation indicator later this week.

MSCI’s Asian equities index was barely changed after a two-day fall. US stock futures were Rat after the S&P 500 Index dipped on Monday. South Korea’s Kospi did well, aided by local semiconductor stocks.a

The offshore yuan rose for a second day as China’s central bank reiterated its support for the currency. The yen fluctuated between gains and losses after reaching a four-month low versus the dollar last week.