Asia Stocks Set to Follow U.S. Selloff; Bonds Gain
- S&P 500 drops most since elections as reflation trades falter
- Dollar in longest slide since November, gold holds advance
Why U.S. Stocks Fell the Most Since Trump's election
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Asian equities futures pointed toward losses after U.S. stocks fell the most since Donald Trump’s election as reflation trades that bolstered the dollar and Treasury yields faltered.
Futures on benchmark gauges in Japan, Australia and Hong Kong indicated declines of at least 0.8 percent when trading begins. The S&P 500 Index sank more than 1 percent for the first time since Oct. 11, with the selloff deepening in the final 30 minutes of trading after Reuters reported North Korea would pursue an acceleration in its nuclear program. Treasury yields tumbled and the dollar slumped for a fifth straight day. Oil retreated and gold held gains.