Asian stocks, dollar dip as Powell dashes ‘Fed Put’ hope

Contracts for Japanese, Australian and Hong Kong benchmarks all declined after the S&P 500 closed 2.2% lower and the Nasdaq 100 dropped 3% Wednesday. Gold opened higher early Thursday after rising 3.5% to a record in its previous session. Treasuries rallied across the curve, sending the 10-year yield six basis points lower to around 4.28%. US equity index futures were little changed in early Asian trade.

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