Asian midday: Japanese stocks lead losses S&P 500 futures rebound

Following the overnight decline in U.S. stocks, Asian stocks fell for the first time in three days, as optimism about the Fed’s prospect of interest rate cuts weakened, and investors reduced their holdings by the end of the year. Japanese stock indexes underperformed after Toyota fell amid a Daihatsu safety scandal and a massive recall in the United States. S&P 500 futures edged up 0.3% as sentiment stabilized after Wednesday’s sharp decline. The Nasdaq rose about 0.4%. The U.S. dollar weakened against most major currencies. The yield on the 10-year Treasury note rose one basis point to 3.86%. Specifically: Equities S&P 500 futures rose 0.3%, the S&P 500 fell 1.5% overnight Nasdaq 100 futures rose 0.4% Japan’s Topix fell 1% Australia’s S&P/ASX 200 fell 0.3% Hong Kong’s Hang Seng Index fell 0.2% Shanghai Composite Index rose 0.2% Eurozone Stoxx 50 Index Futures fell 0.6% Currency USD Spot Index fell 0.2% Euro was largely flat at $1.0950 JPY rose 0.4% against USD to 142.95 yen The offshore yuan was basically flat at 7.1479 yuan against the US dollar Cryptocurrencies BTC up 0.5% to $43,655.03 ETH rose 0.9% to $2,199.54 Bonds The yield on the 10-year US Treasury note rose 1 basis point to 3.86% Australia’s 10-year government bond yield fell 3 basis points to 4.02% Commodities WTI crude fell 0.5% to $73.86 a barrel Spot gold rose 0.3% to $2 an ounce, 037.65 USD