Stock Fall Plateaus – Asia Market Wrap

A global selloff in stocks eased in Asian hours as futures on US equity indexes, Treasury yields and cryptocurrencies all recovered from sharp declines at the start of the trading day.

Asian shares fell to a five-week low Tuesday after the Nasdaq 100 had its worst day since 2022. Equity indexes in Hong Kong and China also trimmed their declines. Yields on 2-year Treasuries recovered after slumping to the lowest level since October and a gauge of the dollar slipped.

Most Group-of-10 currencies rose against the greenback on Tuesday, with only the Australian and New Zealand dollars down in the session The Swiss franc and Japanese yen, traditional havens, outperformed. The euro continues to attract buyers with its surge in the region’s growth prospects.