(Bloomberg) — Asian equity markets looked set for a mixed end to the worst week since February, with some signs that China and Hong Kong could steady after the recent slump. In another indication that sentiment might be shifting, U.S. stock futures
While stocks in Japan and Australia added to this week’s losses, South Korean equities rose and futures signaled gains for China after the Shanghai Composite slumped to a four-year low.
Futures on the S&P 500 Index were up 0.5 percent after the benchmark on Thursday dropped more than 2 percent.
Tech shares, which bore the brunt of the selling Wednesday, fared less badly.
The offshore yuan traded stronger than 6.9 per dollar.
Treasuries were little changed. Singapore’s dollar was steady after the central bank tightened its stance, as anticipated by many, in its policy decision Friday.
With the S&P 500 at a three-month low and the Shanghai Composite sitting on a 22 percent loss for the year, investors are now steadying themselves for the upcoming third quarterly earnings season.
JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. kick it off for U.S. banks on Friday.
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- Japan’s Topix index fell 0.4 percent, bringing this week’s slide to 5.5 percent.
- Futures on the FTSE China A50 Index rose 0.6 percent.
- Futures on Hong Kong’s Hang Seng Index advanced 1.1 percent earlier.
- Australia’s S&P/ASX 200 Index lost 0.3 percent.
- South Korea’s Kospi index gained 0.7 percent.
- The S&P 500 fell 2.1 percent Thursday. Futures were up 0.5 percent.
- The yen was little changed at 112.11 per dollar.
- The Bloomberg Dollar Spot Index was little changed early Friday after sliding 0.5 percent Thursday.
- The euro bought $1.1591.
- The yield on 10-year Treasuries rose more than one basis point, to 3.16 percent.
- The Bloomberg Commodity Index declined 0.5 percent Thursday.
- West Texas Intermediate crude rose 0.1 percent early Friday after sliding more than 2 percent the previous two days, and traded at $71.01 a barrel.
- Gold slid 0.2 percent after rising 2.5 percent Thursday, and was at $1,221.63 an ounce.
-R.W.N II, yours in 322.
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