Global Market Update by MarketMagnify
- Asian shares rebounded on bargain-hunting early Thursday, overcoming mixed signals from Wall Street overnight. Investors were also awaiting a raft of economic data from China.
- On Wednesday, stocks in the region saw steep declines as copper slid to a near four-year low after recent economic reports from China indicated slowing growth.
- The nation’s first bond default in at least 17 years last week also had investors questioning the possibility of the industrial metal being used as collateral.
- US stocks were little changed on Wednesday as investors mulled over the global economic climate and tracked events in Ukraine.
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