(Bloomberg) — Asian stocks fell Friday as the fast-spreading delta virus strain, and China’s regulatory curbs hurt sentiment. The dollar was firm, and commodities trimmed a weekly drop. MSCI Inc.’s Asia-Pacific gauge was at its around December. Shares slid in China, and was poised for a bear market as Beijing cracked down on the private industry. U.S. 100 gains in choppy overnight trading. European contracts fluctuated. Stricter rules for handling are Beijing’s latest step against big tech. Alibaba Group Holding Ltd. another record low. also scrutinized liquor makers, online pharmacies, and cosmetics firms.
Treasuries climbed, and the dollar was around a nine-month high. Commodities stabilized, but their recent slump isabout the impact of Covid-19’s resurgence on the global recovery. Commodity-linked currencies, , Canadian and Australian dollars, slipped. The delta strain stokes doubts about achieving to underpin economic reopening, just as Chinese activity slows and the Federal Reserve eyes a gradual reduction of emergency stimulus. Analysts cautioned that options expirations due Friday might also be fueling volatility. That mix puts global stocks and commodities on course for one of this year’s worst weeks.
“The know that the market is getting tired.” The toll from the is growing: patients are dying in U.S. hospitals at levels not seen . New Zealand and . Inc. and Charles Schwab Corp. are among the firms pushing . Pandemic-related disruptions to supplies of semiconductors and other components also affect the operations of companies such as Toyota Motor Corp. and BMW AG. For more market analysis, read our MLIV blog. Some of the significantis significantly more serious than anyone is even pricing into the market,” Hilary Kramer, chief investment officer at Kramer Capital Research, said on Bloomberg Television. “We know that tapering is coming. We
S&P 500 futures fell 0.3% as of 6:50 a.m. in London. The S&P 500 rose 0.1%. Nasdaq 100 contracts lost 0.2%. The Nasdaq 100 climbed, 0.5%Japan’s Topix index shed, 0.9%Australia’s S&P/ASX 200 index fell 0.1%South Korea’s Kospi index was down, 1.4%Hong Kong’sindex slid 2.2%China’s Shanghai Composite index fell 2%
The Bloomberg Dollar Spot Index was petitely changed. The euro was at $1.1688, up 0.1%The Japanese yen was at 109.67 per dollar. Offshore yuan was at 6.5067 per dollar.
The yield on 10-year Treasuries was at 1.23%, down one basis point
was at $64.09 a barrel, up 0.6%Gold was at $1,786.81 an ounce, up 0.4%