- Stocks were mixed as major Asian indexes rose and US futures fell following post-market slumps in Google parent company Alphabet as well as Microsoft.
- Stocks in China, Japan, and Australia rose, while contracts for the Nasdaq 100 fell. In after-market trading, Alphabet fell as much as 7% on revenue that fell short of expectations, while Microsoft fell 8% on a disappointing revenue forecast.
- There were some encouraging signs for Asia. The Chinese central bank and foreign exchange regulator have indicated that they will maintain the healthy development of stock and bond markets while reiterating that the yuan will remain "basically stable."
- A near 5% rebound in a gauge of Chinese stocks listed in the United States helped claw back some of the record loss suffered in the aftermath of China’s President Xi breaking with China's collective leadership.
