Asian stocks slide as market selloff deepens on US growth worries - News Summed Up

Asian stocks slide as market selloff deepens on US growth worries


Those comments and worries sapped risk sentiment, sending stocks sliding and weighing on the US dollar and Treasury yields. The blue-chip index .CSI300 fell about 1%, while Hong Kong's Hang Seng Index .HSI was 1.5% lower. Prashant Newnaha, a senior Asia-Pacific rates strategist at TD Securities, said the consensus believed Trump would blink if stocks tanked. The dollar index =USD, which measures the US currency against six other units, was huddled near a four-month low. O/RBrent LCOc1 futures fell 0.65% to $68.83 a barrel, while US West Texas Intermediate crude futures CLc1 lost 0.82% to $65.49 a barrel.


Source: bd News24 March 11, 2025 10:33 UTC



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