Asian stocks looked set for a mixed start 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.
Futures for Japan and Hong Kong fell Monday, while Australia’s rose. S&P 500 and Nasdaq 100 contracts dipped after U.S. equities and the 10-year Treasury yield declined on Friday. Federal Reserve Chair Jerome Powell 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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