Market Bounce Extends as Strategists Eye Commodities, Havens
- Ukraine conflict may provide long-term entry point: Invesco
- Oil-linked currencies such as ringgit may gain, Goldman says
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The rebound in global markets that began in New York extended into the Asian day with traders betting on equity and currency markets linked to commodities, while others bought assets deemed to have been oversold.
The MSCI Asia-Pacific Index of shares rose about 1% after dropping 3.1% the day before. That came after the S&P 500 closed 1.5% higher in New York, while the Cboe Volatility Index -- or VIX -- fell from a one-month high. Benchmark Treasury 10-year yields slipped by about three basis points after a similar move on Thursday.