A global selloff in stocks eased in Asian hours as futures on US equity indexes, Treasury yields and cryptocurrencies all recovered from sharp declines at the start of the trading day.
The mood in financial markets remained nervous after Wall Street investors tempered their bullish views amid concerns that tariffs and government spending cuts will torpedo growth in the world’s largest economy.
Equity-index futures for the S&P 500 gained as much as 0.3% after losing more than 1% in early Asian trading. Contracts for Nasdaq 100 and European stocks both advanced as well.
Asian shares fell to a five-week low Tuesday after the Nasdaq 100 had its worst day since 2022. Equity indexes in Hong Kong and China also trimmed their declines.
Yields on 2-year Treasuries recovered after slumping to the lowest level since October and a gauge of the dollar slipped.
Two months into the presidency of Donald Trump, global market sentiment has turned downbeat as investors become increasingly concerned about US economic growth after a tariff war, spending cuts and a shakeup of decades-old geopolitical relationships.
