Stocks extended a selloff Wednesday as the war in Ukraine and sanctions on Russia triggered a record-setting surge in commodities, darkening the economic outlook and bolstering demand for sovereign bonds.
Stocks
- S&P 500 futures fell 0.1% as of 7:02 a.m. in London. The S&P 500 fell 1.6%
- Nasdaq 100 futures fell 0.1%. The Nasdaq 100 fell 1.6%
- Japan’s Topix index slid 2%
- Australia’s S&P/ASX 200 index rose 0.3%
- South Korea’s Kospi index rose 0.2%
- Hong Kong’s Hang Seng index fell 1.8%
- China’s Shanghai Composite index decreased 0.1%
- Euro Stoxx futures were 0.8% lower
Currencies
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- The Japanese yen was at 115.12 per dollar
- The offshore yuan traded at 6.3140 per dollar
- The Bloomberg Dollar Spot Index rose 0.2%
- The euro was at $1.1102, down 0.2%
Bonds
- The yield on 10-year Treasuries fell two basis points to 1.71%
- Australia’s 10-year yield fell 11 basis points to 2.08%
Commodities
- West Texas Intermediate crude rose 5.7% to $109.29 a barrel
- Gold was at $1,938.79 an ounce, down 0.3%
