Asian Stocks Fall Ending 5 Session Rally – Asia Market Wrap

Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion.

Japanese and Chinese stocks and US futures fell, reflecting a note of caution in a week marked by a sharp rebound in risk assets fueled by progress in trade talks and economic resilience. Lurking in the background is the worry that stocks get so extended that they’re vulnerable to surprises. European equity futures were slightly lower.

Still, the nascent US-China trade truce, a UK pact and high-profile Gulf deals have been reassuring investors. The S&P 500 rose 0.1% overnight, while the Nasdaq 100 gained 0.5%, helped along by an advance for Nvidia that wiped 2025 losses for the chipmaker.

An index of the dollar fell Thursday, retracing a Wednesday rally, as the greenback weakened against most Group of 10 currencies. The yen firmed to around 146 per dollar. The Australian dollar rallied on stronger-than-expected jobs data.