Asian Stocks to Echo US Decline as Bonds Rally: Markets Wrap

-- Asian equities were primed for selling Friday following declines on Wall Street that reflected unease on the health of the US economy and sent Treasuries higher.Kamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatEquity futures for Japan, Australia and Hong Kong all fell, with contracts for Tokyo’s Nikkei 225 benchmark down by more than 3% early Friday.

Earnings from some of the largest US companies provided a further headwind for equities. Intel Corp. said its third-quarter revenue will disappoint and announced more than 15,000 job cuts. Amazon.com Inc projected profits that missed analysts’ estimates as it ramped up spending to meet demand for artificial intelligence services. Shares in both fell in after hours trading Thursday.

A survey conducted by 22V Research shows 42% of investors think the market reaction to Friday’s jobs data will be “risk-off,” 36% said “negligible/mixed” and only 22% “risk-on.” Osheaga 2024: Best tips to survive a crowd crush during festivals, and what to do in the potentially-deadly scenario

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