Stocks stumble as growth worries resurface, tech shine dims
Asia stocks fall, Nikkei slides 3%
Oil prices weak, compounded by demand concerns
US data deluge keeps markets on edge
By Rae Wee
SINGAPORE, Sept 4 (Reuters) -Asian shares and global stock futures fell on Wednesday in the wake of a tech selloff, while the dollar and yen rose on safety bids and U.S. Treasury yields edged lower as investors fretted over the outlook for the world's largest economy.
Oil prices struggled near their lowest level in months, on signs of a deal to resolve a dispute that has halted Libyan crude production and exports. O/R
Brent crude futures LCOc1 were last 0.05% lower at $73.71 a barrel, while U.S. crude futures CLc1 dipped 0.13% to $70.25 per barrel, after both fell to their weakest since December in the previous session.
Wall Street closed sharply lower overnight after the U.S. returned from a holiday at the start of the week, with AI darling Nvidia NVDA.O tumbling nearly 10% as investors softened their optimism about artificial intelligence.
That set up for a negative lead in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS falling 0.44% in early trade, while U.S. stock futures extended their decline.
S&P 500 futures ESc1 were off 0.1%. Nasdaq futures NQc1 eased 0.15%.
Japan's Nikkei .N225 slid more than 3%.
September has historically being a bad month for stocks, though analysts pointed to a confluence of factors, including tepid U.S. manufacturing data, behind the latest market rout.
"September got off to a lively start and the air of portfolio de-risking as the U.S. cranked back up after the Labor Day holiday was seen across all areas within the capital markets," said Chris Weston, head of research at Pepperstone.
"Growth concerns were the key theme on the day, with cyclical-sensitive assets smacked and hedges laid down aggressively."
A slew of U.S. economic data is due throughout the week, including figures on job openings, jobless claims and the closely watched nonfarm payrolls report out on Friday.
Given the Federal Reserve's focus on the health of the U.S. labour market, Friday's release could decide whether a rate cut expected this month will be regular or super-sized. FEDWATCH
Safe-haven currencies like the dollar and the yen meanwhile rose on safety bids, with the Japanese currency JPY=EBS last a touch higher at 145.36 per dollar.
The euro EUR=EBS retreated further from a 13-month high and was little changed at $1.1048, while sterling GBP=D3 fell 0.04% to $1.311.
Elsewhere, spot gold XAU= rose 0.05% to $2,494.23 an ounce. GOL/
World FX rates YTD http://tmsnrt.rs/2egbfVh
Global asset performance http://tmsnrt.rs/2yaDPgn
Asian stock markets https://tmsnrt.rs/2zpUAr4
Reporting by Rae Wee; Editing by Sam Holmes
To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/markets For the state of play of Asian stock markets please click on: 0#.INDEXA
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
