Asian Stocks Poised for Worst Quarter in a Year: Markets Wrap

A gauge of Asian equities was little changed, with stocks in Japan posting declines while those in Hong Kong rose. The regional index is poised to record a quarterly loss of around 4% — the largest for the period since September 2022 — due to a stronger dollar and speculation that global interest rates will remain higher for longer.

Markets in mainland China are closed as the country starts its Golden Week holiday, which may damp trading in the region through the first week of October. A gauge of the dollar was little changed in Asian trading hours, but remained on course for a second quarterly gain. Allspring expects the dollar to remain supported as long as the Fed retains a hawkish bias. “But it probably creates an opportunity to begin accumulating emerging market shares for when we do see the rate cycle continue to decline, maybe sometime in 2024,” Irwin said.The yen was little changed against the greenback after data showed inflation in Tokyo slowed for a third straight month in September, while Japan’s August industrial output was unchanged from the previous month.

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Stock market today: Asian shares mostly lower after Wall Street retreat deepensTOKYO (AP) — Shares in Asia were mostly higher on Wednesday, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June. Tokyo's Nikkei 225 recovered earlier losses, gaining 0.3% to 32,371.90. In Hong Kong, the Hang Seng advanced 0.6% to 17,577.03. The Shanghai Composite index added 0.3% to 3,111.36. In China, concerns continued over heavily indebted real estate developer Evergrande. The property market crisis there is dragging on China’s economic growth an
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