Asian stocks
fluctuated, with the regional benchmark index on course for its worst
quarter in four years, as investors awaited data on Chinese industrial
profits. Shares in Japan slid.
The MSCI Asia Pacific
Index added less than 0.1 percent to 125.08 as of 9:04 a.m. in Tokyo
after slipping as much as 0.1 percent. The regional gauge has slumped
about 15 percent since the end of June, heading for its worst quarter
since 2011, as the Federal Reserve prepares to raise interest rates with
financial markets rattled by concern over the depth of China’s economic
slowdown. Markets in Hong Kong, Taiwan and South Korea are closed for
holidays Monday, while mainland China will be shut from Thursday for a
week-long break.
E-mini futures on the
Standard & Poor’s 500 Index dropped 0.4 percent. A 2.7 percent slump
in health-care stocks left the U.S. benchmark index down 0.1 percent on
Friday.
U.S. House Speaker
John Boehner will resign from Congress at the end of October, following
clashes with conservative members of his Republican conference. For some
traders, the move reduces the likelihood of a government shutdown as
soon as October, while raising the specter of a stalemate later in 2015.
Source: Bloomberg
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