Asia Stocks Drift; Dollar, U.S. Treasuries Steady: Markets Wrap
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Argentina leads emerging markets lower; oil trades around $70
- U.S. markets were closed Monday for the Labor Day holiday
Asian stocks were mixed Tuesday amid continuing concerns about stability in emerging markets and prospects for escalating U.S.-China trade tensions. The dollar and Treasury yields were steady.
Equity benchmarks swung between gains and losses with little direction after American exchanges were closed Monday for a holiday. The yen fluctuated after the Bank of Japan increased purchases of shorter-term bonds in its regular operations Tuesday, compensating for a reduction in the number of days on which it plans to buy them. Emerging markets fell Monday, with Argentina slumping the most even as it took further steps to restore investor confidence…
Asia Stocks Drift; Dollar, U.S. Treasuries Steady: Markets Wrap