Yen Strengthens on Dollar as US Bond Yields Fall: Markets Wrap

Bloomberg

Summary:

(Bloomberg) -- A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. US stocks fell ahead of the Thanksgiving holiday.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldContracts for Japanese shares fell 0.8%,

(Bloomberg) -- A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. US stocks fell ahead of the Thanksgiving holiday.

Contracts for Japanese shares fell 0.8%, while those for Australia and Hong Kong were slightly higher. The S&P 500 fell 0.4% after touching a record high in the prior session, while the Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Nvidia Corp. and Tesla Inc. were among the hardest hit big-tech companies.

Shares in Microsoft Corp. fell after the US Federal Trade Commission opened an antitrust investigation of Microsoft Corp., drilling into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products.

In a thin trading session ahead of the holiday, data showed the Fed’s preferred measure of underlying inflation picked up. While in-line with estimates, the core personal consumption expenditures climbed 2.8% from October last year. Separate figures showed the economy expanded at a solid pace.

The data support recent comments by many Fed officials that there’s no rush to cut rates as long as the labor market remains healthy and the US continues to power ahead.

“The last mile towards price stability has been stymied by still ‘sticky’ inflation and bumps along road,” said Quincy Krosby at LPL Financial.

Selling in US stocks was accompanied by buying in Treasuries as investors sought the safety of US government debt. That pushed the 10-year yield as low as 4.22% on Wednesday, a level not seen in a month. Australian and New Zealand yields fell early Thursday, echoing the move.

Lower Treasury yields weakened an index of the dollar, which fell 0.7%. The yen was steady early Thursday after climbing more than 1% against the greenback Wednesday to trade at its strongest since late October.

In Asia, data set for release includes ANZ business confidence for New Zealand and Sri Lanka trade. The Reserve Bank of Australia’s Governor Michelle Bullock will speak later in the day.

The Bank of Korea is anticipated to hold rates at 3.25%, pausing its policy moves after the first cut in over four years last month.

Investors will also be on the lookout for further moves in Chinese equities after a Wednesday rally on speculation that a key economic meeting expected next month may lead to more stimulus. The Golden Dragon index of US-listed Chinese companies jumped 2.8%.

Tech Shares

US stocks have extended their outperformance against international peers this year, powered by tech shares and the artificial intelligence frenzy, while the economy remains resilient.

The S&P 500 has climbed over 25% in 2024, making numerous record highs and largely outpacing the MSCI World Ex-USA Index. The valuation gap has also widened, with US stocks now trading at a record 60% premium to international peers based on forward price-to-earnings ratios.

Elsewhere, BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments.

In commodities, oil steadied as OPEC+ was expected to delay a production restart. Gold eked out small gains. Meanwhile, Bitcoin climbed back toward the elusive $100,000 price level again.

Key events this week:

Eurozone consumer confidence, Thursday
US Thanksgiving holiday. Markets closed, Thursday
Eurozone CPI, Friday
ECB releases consumer expectations survey for October, Friday
“Black Friday,” the traditional start of the US holiday shopping rush

Some of the main moves in markets:

Stocks

Hang Seng futures rose 0.1% as of 7:27 a.m. Tokyo time
S&P/ASX 200 futures rose 0.2%

Currencies

The Bloomberg Dollar Spot Index fell 0.6%
The euro was little changed at $1.0567
The Japanese yen was little changed at 151.10 per dollar
The offshore yuan was little changed at 7.2458 per dollar
The Australian dollar was little changed at $0.6498

Cryptocurrencies

Bitcoin rose 0.2% to $96,590.28
Ether rose 1% to $3,675.31

Bonds

Australia’s 10-year yield declined one basis point to 4.40%

Commodities

Spot gold was little changed

This story was produced with the assistance of Bloomberg Automation.

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Emerging-Market Currencies Wobble While Brazil Sees Selloff

Bloomberg

MSCI Inc.

+0.50%

(Bloomberg) -- Emerging-market currencies closed little changed after being whipsawed in a session marked by low trading volume before the US holiday and a steep selloff for Brazilian assets.

Losses for Brazil’s real mixed with gains for Eastern European currencies with the MSCI EM currency index closing flat. Earlier in the session, the gauge was pushed lower by US data that showed the US Federal Reserve’s preferred measure of underlying inflation accelerated in October, backing bets for a slower pace of interest rate cuts.

A companion index for emerging stocks closed slightly higher.

Brazil’s real tumbled 2.1% to its weakest since 2020 on news that President Luiz Inacio Lula da Silva wants to present a plan for income tax exemptions alongside proposed public spending cuts, watering down the impact on the fiscal deficit. The stock market slumped and swap rates surged.

Investors across emerging markets remain wary of US President-elect Donald Trump’s latest threats to impose stiff tariffs on imports from China, Canada and Mexico. The dollar slipped in the session, but Barclays strategist Erick Martinez said it is poised to continue its recent trend.

“We see little reasons for a reversion of the strong dollar trend,” he said. “US data remains resilient, which adds to inflationary risks from tariffs. These risks should keep rate differentials moving in favor of the dollar.”

Mexico’s peso shook off early losses after officials there warned Trump’s tariffs would cause massive US job losses and more expensive pickup trucks. President Claudia Sheinbaum said her team was in touch with Trump’s transition team and they would speak in the coming days.

“Mexico’s government has a plan, they can talk to Trump and work together,” said Gabriela Siller, head of research at Grupo Financiero Base.

The tariff threat has weighed on emerging markets since Trump’s election victory and remains a wild card for 2025. MSCI’s emerging-market stock gauge is headed toward a second consecutive monthly drop in November, and the worst quarter since September 2022.

Chinese stocks had gained earlier as speculation intensified that authorities will roll out fresh stimulus measures next month amid the threat of US imposed tariffs.

Hints of more aggressive policy support emerged earlier this month when China’s Finance Minister Lan Fo’an pledged “more forceful” policies for 2025. These comments fueled speculation that Beijing could unveil bolder measures following Trump’s inauguration in January.

The US president-elect has vowed to impose tariffs on Chinese goods, a move that threatens to devastate trade flows between the world’s largest economies and jeopardize China’s export sector, one of the few pillars of growth this year.

Elsewhere, Israeli dollar bonds gained after the country reached a deal for a 60-day cease-fire with the Lebanese militant group Hezbollah after weeks of talks mediated by the US, a first step toward ending a conflict that’s killed thousands of people.

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Stocks Halt Record-Breaking Rally as Tech Gets Hit: Markets Wrap

Bloomberg

(Bloomberg) -- A selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s cautious stance on rate cuts.

Equities halted a seven-day rally that drove the S&P 500 to all-time highs. A Bloomberg gauge of the “Magnificent Seven” megacaps slid about 1%, with Nvidia Corp. leading losses. Dell Technologies Inc. and HP Inc. tumbled at least 11% after their results disappointed investors waiting for a recovery in the personal computer market. CrowdStrike Holdings Inc. sank 4.5% after a weaker-than-expected earnings forecast.

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“It’s beginning to look a lot like ‘tech mess’,” said Jonathan Krinsky at BTIG. “The relative breakdown in tech is a concern heading into 2025, although the good news so far is rotation into other parts of the market keeps the broadening trade alive.”

In a thin trading session ahead of the Thanksgiving holiday, data showed the Fed’s preferred measure of underlying inflation picked up. While in-line with estimates, the core personal consumption expenditures climbed 2.8% from October last year. Separate figures showed the economy expanded at a solid pace.

The data support recent comments by many Fed officials that there’s no rush to cut rates so long as the labor market remains healthy and the US continues to power ahead. To Bret Kenwell at eToro, overall inflation has been moving in the desired direction, but a lack of further follow-through could force investors to reassess bets on future rate cuts.

“The last mile towards price stability has been stymied by still ‘sticky’ inflation and bumps along road,” said Quincy Krosby at LPL Financial.

The S&P 500 dropped 0.4%. The Nasdaq 100 slid 0.9%. The Dow Jones Industrial Average fell 0.3%.

Treasury 10-year yields declined five basis points to 4.25%. The Bloomberg Dollar Spot Index slipped 0.6%. Bitcoin rallied.

JPMorgan Chase & Co.’s equity strategy team, led for years by Marko Kolanovic until his departure earlier in 2024, has turned positive on US stocks.

Dubravko Lakos-Bujas, who took over market research for the firm this summer, released a year-end 2025 target of 6,500, which eclipses the average projection of about 6,300 among strategists tracked by Bloomberg.

“Heightened geopolitical uncertainty and the evolving policy agenda are introducing unusual complexity to the outlook, but opportunities are likely to outweigh risks,” he wrote.

US stocks have extended their outperformance against international peers this year, powered by tech shares and the artificial intelligence frenzy, while the economy remains resilient.

The S&P 500 has climbed about 25% in 2024, making numerous record highs and largely outpacing the MSCI World Ex-USA Index. The valuation gap has also widened, with US stocks now trading at a record 60% premium to international peers based on forward price-to-earnings ratios.

While the stock market is taking a breather after the S&P 500 notched its 52nd record of the year, seasonal trends suggest the momentum could continue.

Since 1950, the gauge has generated an average gain of 1.8% from Thanksgiving through year-end and finished higher about 70% of the time over this period, according to Adam Turnquist at LPL Financial. This compares to the broader market’s average gain of 1.0% and positivity rate of 63% during all six-week periods since 1950.

When the index is higher on the year into the holiday, the average gain into year-end bumps up to 2.1%, with 75% of occurrences yielding positive results, he noted.

Inflows into US equities surged after the election and a retail frenzy is back, while selling of Europe continues unabated, according to Barclays Plc’s Emmanuel Cau.

The strategist still sees some dry powder as despite big US inflows from long-only funds and retail, there was limited re-grossing by hedge funds and systematic strategies. He says sentiment indicators haven’t rebounded with the overall market, suggesting bullishness is not as widespread as it seems.

Corporate Highlights:

Autodesk Inc. Chief Executive Officer Andrew Anagnost said the company is focused on cutting costs in its sales and marketing teams, a move that comes following pressure from activist investor Starboard Value LP.
The US Federal Trade Commission is looking into whether Uber Technologies Inc. violated consumer protection laws with its flagship subscription service.
Urban Outfitters Inc. reported stronger-than-expected sales growth in the third quarter, led by its Anthropologie brand.
Nordstrom Inc. raised the lower end of its annual sales guidance after its off-price and flagship chains reported quarterly growth that was better than expected — results that could encourage the company’s board to push the founding family for a better offer to take Nordstrom private.
BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet against the beleaguered ESG industry.
Symbotic Inc. cut its first-quarter revenue forecast and said it was unable to file its annual filing due to accounting errors.
Brookfield Asset Management Ltd. walked away from a plan to acquire Grifols SA, ending months of negotiations to take over the Spanish blood-plasma company.

Key events this week:

Eurozone consumer confidence, Thursday
US Thanksgiving holiday. Markets closed, Thursday
Eurozone CPI, Friday
ECB releases consumer expectations survey for October, Friday
“Black Friday,” the traditional start of the US holiday shopping rush

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.4% as of 3:29 p.m. New York time
The Nasdaq 100 fell 0.9%
The Dow Jones Industrial Average fell 0.3%
The MSCI World Index fell 0.1%
Bloomberg Magnificent 7 Total Return Index fell 0.9%
The Russell 2000 Index rose 0.1%

Currencies

The Bloomberg Dollar Spot Index fell 0.6%
The euro rose 0.7% to $1.0564
The British pound rose 0.8% to $1.2675
The Japanese yen rose 1.3% to 151.14 per dollar

Cryptocurrencies

Bitcoin rose 6.2% to $97,353.43
Ether rose 8.9% to $3,619.41

Bonds

The yield on 10-year Treasuries declined five basis points to 4.25%
Germany’s 10-year yield declined three basis points to 2.16%
Britain’s 10-year yield declined six basis points to 4.29%

Commodities

West Texas Intermediate crude fell 0.1% to $68.68 a barrel
Spot gold rose 0.2% to $2,638.60 an ounce

This story was produced with the assistance of Bloomberg Automation.

Risk Warnings and Disclaimers

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Investors With Losses Are Invited To Join The Schall Law Firm's Inquiry Into Msci Inc. For Securities Fraud

Reuters

MSCI Inc.

+0.50%

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‘Magnificent Seven’ Get Hit as Stocks Halt Rally: Markets Wrap

Bloomberg

(Bloomberg) -- A selloff in the world’s largest technology companies weighed on stocks, while the latest economic data bolstered bets on a cautious pace of Federal Reserve rate cuts.

Equities halted a seven-day advance that drove the S&P 500 to all-time highs. A Bloomberg gauge of the “Magnificent Seven” megacaps slid 1.4%, with Nvidia Corp. leading losses. Dell Technologies Inc. and HP Inc. tumbled after their results disappointed investors who have been waiting for a recovery in the personal computer market. CrowdStrike Holdings Inc. sank after a weaker-than-expected earnings forecast.

Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen.

While in-line with estimates, the core personal consumption expenditures price index climbed 2.8% from October last year. Separate figures showed the economy expanded at a solid pace. The data support recent comments by many Fed officials that there’s no rush to cut rates so long as the labor market remains healthy and the US continues to power ahead.

To Bret Kenwell at eToro, while PCE matched expectations, there may be some concerns that the final push to get inflation to the Fed’s 2% target will take some time. Overall inflation has been moving in the desired direction, but a lack of further follow-through could force investors to reassess bets on future rate cuts, he noted.

“The last mile towards price stability has been stymied by still ‘sticky’ inflation and bumps along road,” said Quincy Krosby at LPL Financial.

The S&P 500 dropped 0.5%. The Nasdaq 100 slid 1.3%. The Dow Jones Industrial Average was little changed.

Treasury 10-year yields declined six basis points to 4.24%. The Bloomberg Dollar Spot Index fell 0.7%. Some traders said solid month-end flows are behind some of the weakness in the greenback ahead of the Thanksgiving holiday.

Oil held steady as traders waited for clues on whether OPEC+ will delay restoring output and speculated about the durability of a truce between Israel and Lebanon-based Hezbollah.

JPMorgan Chase & Co.’s equity strategy team, led for years by Marko Kolanovic until his departure earlier in 2024, has turned positive on US stocks.

Dubravko Lakos-Bujas, who took over market research for the firm this summer, on Wednesday released a year-end 2025 target of 6,500, which eclipses the average projection of about 6,300 among strategists tracked by Bloomberg. He based his bullish estimate on expectations for a healthy labor market, rate cuts and a capital-expenditure boom in the race to capture the lead in artificial-intelligence technology, among other tailwinds.

“Heightened geopolitical uncertainty and the evolving policy agenda are introducing unusual complexity to the outlook, but opportunities are likely to outweigh risks,” Lakos-Bujas wrote Wednesday in a note to clients.

US stocks have extended their outperformance against international peers this year, powered by tech shares and the artificial intelligence frenzy, while the economy remains resilient and the Federal Reserve has embarked in an interest-rate cutting cycle amid falling inflation.

The S&P 500 has climbed 26% in 2024, making numerous record highs, while the MSCI World Ex-USA Index only returned about 3.5%. The valuation gap has also widened, with US stocks now trading at a record 60% premium to international peers based on forward price-to-earnings ratios.

Inflows into US equities surged after the election and a retail frenzy is back, while selling of Europe continues unabated, according to Barclays Plc’s Emmanuel Cau.

Corporate Highlights:

Urban Outfitters Inc. reported stronger-than-expected sales growth in the third quarter, led by its Anthropologie brand.
Nordstrom Inc. raised the lower end of its annual sales guidance after its off-price and flagship chains reported quarterly growth that was better than expected — results that could encourage the company’s board to push the founding family for a better offer to take Nordstrom private.
BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet against the beleaguered ESG industry.
Symbotic Inc. cut its first-quarter revenue forecast and said it was unable to file its annual filing due to accounting errors.
Brookfield Asset Management Ltd. walked away from a plan to acquire Grifols SA, ending months of negotiations to take over the Spanish blood-plasma company.
BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.

Key events this week:

Eurozone consumer confidence, Thursday
US Thanksgiving holiday. Markets closed, Thursday
Eurozone CPI, Friday
ECB releases consumer expectations survey for October, Friday
“Black Friday,” the traditional start of the US holiday shopping rush

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.5% as of 11:54 a.m. New York time
The Nasdaq 100 fell 1.3%
The Dow Jones Industrial Average was little changed
The Stoxx Europe 600 fell 0.2%
The MSCI World Index fell 0.2%
Bloomberg Magnificent 7 Total Return Index fell 1.4%
The Russell 2000 Index rose 0.3%

Currencies

The Bloomberg Dollar Spot Index fell 0.7%
The euro rose 0.8% to $1.0576
The British pound rose 0.9% to $1.2678
The Japanese yen rose 1.5% to 150.72 per dollar

Cryptocurrencies

Bitcoin rose 4.6% to $95,899.95
Ether rose 7% to $3,555.33

Bonds

The yield on 10-year Treasuries declined six basis points to 4.24%
Germany’s 10-year yield declined three basis points to 2.16%
Britain’s 10-year yield declined six basis points to 4.29%

Commodities

West Texas Intermediate crude fell 0.2% to $68.66 a barrel
Spot gold rose 0.3% to $2,639.93 an ounce

This story was produced with the assistance of Bloomberg Automation.

Risk Warnings and Disclaimers

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Stocks Fall as Data Bolster Fed’s ‘No Rush’ Stance: Markets Wrap

Bloomberg

(Bloomberg) -- A selloff in the world’s largest technology companies weighed on stocks, while the latest economic data bolstered bets on a cautious pace of Federal Reserve rate cuts.

Equities halted a seven-day rally that drove the S&P 500 to all-time highs. Nvidia Corp. dropped 3%, leading losses in megacaps. Dell Technologies Inc. and HP Inc. tumbled after their results disappointed investors who have been waiting for a recovery in the personal computer market. Treasury yields dropped across the US curve, but traded off session lows.

Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen.

“The last mile towards price stability has been stymied by still ‘sticky’ inflation and bumps along road,” said Quincy Krosby at LPL Financial.

The S&P 500 dropped 0.3%. The Nasdaq 100 slid 1.2%. The Dow Jones Industrial Average was little changed.

Treasury 10-year yields declined five basis points to 4.26%. The Bloomberg Dollar Spot Index fell 0.6%. Some traders said solid month-end flows are behind some of the weakness in the greenback ahead of the Thanksgiving holiday.

Oil held steady as traders waited for clues on whether OPEC+ will delay restoring output and speculated about the durability of a truce between Israel and Lebanon-based Hezbollah.

JPMorgan Chase & Co., which for two consecutive years maintained a bearish forecast for the S&P 500, is now predicting a gain for the US stock benchmark in the year ahead. The firm’s 2025 target for the gauge is 6,500, up from a forecast of 4,200 throughout the past two years, according to Dubravko Lakos-Bujas.

“The central equity theme for next year is one of higher dispersion across stocks, styles, sectors, countries, and themes,” he wrote. US exceptionalism could face turbulence amid policy uncertainty in the new year, “but opportunities are likely to outweigh risks.”

Inflows into US equities surged after the election and a retail frenzy is back, while selling of Europe continues unabated, according to Barclays Plc’s Emmanuel Cau.

Corporate Highlights:

CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that it has recovered from a flawed update that crashed computers around the world.
Urban Outfitters Inc. reported stronger-than-expected sales growth in the third quarter, led by its Anthropologie brand.
Nordstrom Inc. raised the lower end of its annual sales guidance after its off-price and flagship chains reported quarterly growth that was better than expected — results that could encourage the company’s board to push the founding family for a better offer to take Nordstrom private.
BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet against the beleaguered ESG industry.
Symbotic Inc. cut its first-quarter revenue forecast and said it was unable to file its annual filing due to accounting errors.
Brookfield Asset Management Ltd. walked away from a plan to acquire Grifols SA, ending months of negotiations to take over the Spanish blood-plasma company.
BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify.

Key events this week:

Eurozone consumer confidence, Thursday
US Thanksgiving holiday. Markets closed, Thursday
Eurozone CPI, Friday
ECB releases consumer expectations survey for October, Friday
“Black Friday,” the traditional start of the US holiday shopping rush

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.3% as of 10:53 a.m. New York time
The Nasdaq 100 fell 1.2%
The Dow Jones Industrial Average was little changed
The Stoxx Europe 600 fell 0.3%
The MSCI World Index fell 0.1%

Currencies

The Bloomberg Dollar Spot Index fell 0.6%
The euro rose 0.8% to $1.0575
The British pound rose 0.9% to $1.2679
The Japanese yen rose 1.3% to 151.13 per dollar

Cryptocurrencies

Bitcoin rose 4.6% to $95,867.84
Ether rose 7.5% to $3,570.38

Bonds

The yield on 10-year Treasuries declined five basis points to 4.26%
Germany’s 10-year yield declined one basis point to 2.17%
Britain’s 10-year yield declined four basis points to 4.31%

Commodities

West Texas Intermediate crude rose 0.5% to $69.13 a barrel
Spot gold rose 0.4% to $2,644.46 an ounce

This story was produced with the assistance of Bloomberg Automation.

Risk Warnings and Disclaimers

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Asian Equities Traded in the US as American Depositary Receipts Edge Down in Wednesday Trading

MT Newswires

iClick Interactive Asia

+22.84%

Asian equities traded in the US as American depositary receipts were moving slightly lower Wednesday morning, declining 0.019% to 2,023.73 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by healthcare platform 111 and consumer lending firm LexinFintech , which surged 22.7% and 15.7% respectively. They were followed by social media platform JOYY and advertising company iClick Interactive Asia Group , which advanced 12% and 7.8% respectively.

The decliners from North Asia were led by media company Phoenix New Media and mobile big data platform Aurora Mobile , which fell 4.6% and 0.1% respectively. They were followed by semiconductor company ASE Technology and pet-focused platform Boqii , which dropped 3.9% and 2.3% respectively.

From South Asia, the lone gainer was tech conglomerate SE (SEA), which rose 0.5%.

The decliners from South Asia were led by Sify Technologies and IT firms Infosys , which fell 3.1% and 1.1% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories and telecommunications operator PLDT , which were off 0.6% and 0.3% respectively.

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Yen Strengthens on Dollar as US Bond Yields Fall: Markets Wrap

Emerging-Market Currencies Wobble While Brazil Sees Selloff

Stocks Halt Record-Breaking Rally as Tech Gets Hit: Markets Wrap

Investors With Losses Are Invited To Join The Schall Law Firm's Inquiry Into Msci Inc. For Securities Fraud

‘Magnificent Seven’ Get Hit as Stocks Halt Rally: Markets Wrap

Stocks Fall as Data Bolster Fed’s ‘No Rush’ Stance: Markets Wrap

Asian Equities Traded in the US as American Depositary Receipts Edge Down in Wednesday Trading

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