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Asian Markets Brace for Volatility After US Swings
1 Oct
Summary
- Asian stocks forecast volatile October start following US market shifts.
- Softer US inflation data initially boosted markets, then reversed gains.
- US oil prices sustained previous session's gains ahead of Asian trading.
Asian equity markets were poised for a turbulent opening to October. This volatility followed a sharp reversal on Wall Street, which saw earlier gains evaporate. The market's direction was influenced by softer-than-expected US inflation figures, which initially spurred optimism but ultimately failed to sustain upward momentum.
US oil prices, however, maintained their gains from the prior trading session, indicating a different trend in energy markets. Equity-index futures suggested a mixed start for Asian bourses, with indications of losses in South Korea and Australia, while Japan was expected to open higher. This divergence points to ongoing investor caution as the month begins.
