Asian stocks opened largely steady Wednesday after softer economic data weighed on U.S. equities. Treasuries maintained a rally as Federal Reserve officials again predicted transitory price pressures.
Shares fluctuated in Japan, Australia and South Korea. The spotlight will be on China, where stocks Tuesday surged the most since July. U.S. equity contracts rose and Nasdaq 100 futures outperformed, after the S&P 500 slipped and the tech-heavy gauge made a small gain.
The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.23% to 15,215 as of 7 a.m.
A dollar gauge touched the lowest level since early January. Oil was steady, gold erased 2021 losses and Bitcoin held below $40,000 in the wake of last week’s crypto rout.