- Asian stock markets : https://tmsnrt.rs/2zpUAr4
- Gold drops more than 4% at one stage, oil prices slide
- Strong U.S. jobs report brings Fed tapering nearer
- Rising Treasury yields lift dollar to 4mth high on euro
SYDNEY, Aug 9 (Reuters) – Asian shares wobbled on Monday amid sharp losses in gold and oil prices, while the dollar held near four-month highs after an upbeat U.S. jobs report lifted bond yields.
Sentiment was shaken by a sudden dive in gold as a break of $1,750 triggered stop loss sales taking it as low as $1,684 an ounce . It was last down 2.2% at $1,723.
Brent sank almost 2% on concerns the spread of the Delta variant would temper travel demand.
Holidays in Tokyo and Singapore made for thin trading conditions, leaving MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) down 0.1%.
Japan’s Nikkei (.N225) was shut but futures were trading just below Friday’s close. Nasdaq futures slipped 0.5% and S&P 500 futures 0.3%.