Most Asian stocks fell early Monday as traders weighed inflation risks, a Covid-19 outbreak in China and earnings prospects for major technology firms. Turkey’s lira slid to a record low amid a diplomatic spat.
Equities fell in Japan and South Korea, while Australia edged up. S&P 500 and Nasdaq 100 futures dipped, the 10-year U.S. Treasury yield rose and a gauge of the dollar was steady. Federal Reserve Chair Jerome Powell on Friday flagged inflation could stay higher for longer, while making clear the Fed will begin tapering bond purchases shortly but stay patient on rate hikes.
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October 25, 2021 at 04:17AM
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Stock Market Today: Dow, S&P Live Updates for Oct. 25, 2021 - Bloomberg
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