Asian Stocks Set to Extend Slump Amid Pre-Fed Angst; Rand Jumps ~ Bloomberg

6:46 AM | December 14, 2015 BERITA No Comments
  • Asian stocks looked set to track Friday’s retreat in U.S. and European equities, with concern over oil’s ongoing rout and ructions in the junk-bond market boosting anxiety levels just days out from the Federal Reserve’s final meeting of 2015.
  • A wave of risk aversion swept over markets Friday as OPEC’s decision to scrap output limits continued to dog oil, sending prices to the lowest level since 2008 in London.
  • Australia’s S&P/ASX 200 Index slid 1.3 percent as of 8:24 a.m. Tokyo time, with energy stocks extending declines at their lowest level since 2005. Wellington’s S&P/NZX 50 Index, the first major stock gauge to start trading each day in the Asian region, slipped 0.9 percent, the most since the end of September.
  • Contracts on the Kospi index in Seoul dropped 1 percent in most recent trading, while futures on the Nikkei 225 Stock Average were bid down 2.9 percent to 18,660 in the Osaka pre-market, while those listed in Chicago traded at 18,735 after sinking 1.9 percent on Friday.
  • In Hong Kong, futures on the Hang Seng and Hang Seng China Enterprises gauges lost at least 1.1 percent, while those on the FTSE China A50 Index were down 1.7 percent in recent trade.
  • S&P 500 e-mini futures added 0.2 percent in early Monday trading, rallying with contracts on the Dow Jones Industrial Average and Nasdaq 100 Index.