Asian Stocks to Fall Ahead of Key US Jobs Data: Markets Wrap
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Asian equities were set for declines as a chill fell across global markets, pressuring US stocks and Bitcoin while boosting demand for Treasuries and gold, with investors becoming defensive in the year’s final full trading week.Equity-index futures for Japan, Australia and China all slipped in early Asian trading Tuesday after a second daily decline for US benchmarks. The S&P 500 fell 0.2% and the Nasdaq 100 dropped 0.5% Monday as losses in tech sent Broadcom Inc. to its worst three-day plunge since 2020, while Oracle Corp. extended its multi-session selloff to about 17%.