Asia stocks set to trade mixed following overnight Wall Street volatility


Overnight on Wall Street, stocks eked out small gains. The Dow Jones Industrial Average closed 52.31 points higher, or 0.2%, at 26,815.44. The S&P 500 added 0.3% to finish its trading day at 3,246.59 while the Nasdaq Composite advanced 0.4% to close at 10,672.27. The moves stateside came in a wild session that saw the Dow down more than 200 points at its session low and up more than 300 points at one point.

Investors will also watch developments on potential U.S. coronavirus stimulus. House Democrats are preparing a new $2.4 trillion stimulus plan as the party looks to restart negotiations with the White House following talks that fell apart last month.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 94.354 after rising from levels below 93 this week.

The Japanese yen traded at 105.43 per dollar, having weakened from levels below 104.4 against the greenback this week. The Australian dollar changed hands at $0.7057, following this week’s slip from levels above $0.72.



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