Asian stocks fell on Friday after the benchmark index’s biggest weekly rally since August 2007 drove valuations to the highest in more than a year. Futures on the S&P 500 Index fell 0.7% after the gauge dropped 1.3% on Thursday, led by financial shares, reversing earlier optimism over the Fed’s plan to buy US government debt.
Asian markets (Fri)
04:4oam GMT
Nikkei down 26.21 (-0.33%) at 7,945.96
Topix up 0.10 (0.01%) at 764.77
Hang Seng down 207.85 (-1.58%) at 12,923.07
US markets (Thurs)
DJIA down 85.78 (-1.15%) at 7,400.80
Nasdaq down 7.74 (-0.52%) at 1,483.48
S&P500 down 10.31 (-1.30%) at 784.04
European markets (Thurs)
FTSE100 up 11.94 (0.31%) at 3,816.93
Eurofirst 300 up 4.27 (0.6%) at 715.17
Currencies
04:36 GMT
€/$ 1.3651 (1.3455)
$/¥ 94.62 (96.01)
£/$ 1.4458 (1.4216)
Commodities (updated)
04:34GMT
Brent Crude (Apr09) down $0.42 at $50.25
Light Crude (Apr09) down $0.80 at $50.81
100 Oz Gold (Apr09) down $3.50 at $955.30
Copper (3M 24hr) up $20.00 at $3,995.00
10-year government bond yields (%)
US 2.60 (2.55)
UK 3.02 (3.11)
Germany 3.06 (3.21)
Japan 1.27 (1.27)
Sources: FT, Reuters