MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.5 per cent after six straight days of gains that had taken it within a stone's throw of the record high touched in November 2007.
After a choppy day of trade, the Dow Jones, S&P 500 and Nasdaq ended each of their sessions day 0.1 per cent lower.
Bitcoin dropped 9.2 percent to $13,517.83 on the Bitstamp exchange, after South Korea's justice minister said a bill was being prepared to ban cryptocurrency trading.
China disputes bond holding report * European Central Bank indicates may change policy message * Benchmark yields hover near 10-month highs By Kate Duguid NEW YORK, Jan 11 - Treasury yields fell early Thursday morning after China disputed a report that its government officials had recommended the country slow or halt its purchases of the US bonds.
It is true that China is one of the biggest external holders of United States treasuries, along with Japan, which means that they do have enormous influence over how the market can and does move.
The China speculation comes as global debt markets were already weakening amid signs that central banks are easing bond-purchasing stimulus programs.
"If the PBOC were to precipitate a large sell-off by retreating from the US Treasury market, the value of its existing reserves would fall".
US House approves controversial foreign surveillance program
Rand Paul (R-Ky.) and Ron Wyden (D-Ore.) in the Senate and by Amash, Ted Poe (R-Texas), and Zoe Lofgren (D-Calif.) in the House . Several ranking Democrats openly supported increasing the powers of a surveillance state, even under a president they loathe.
Nintendo Direct Mini January 2018: Every Nintendo Switch Game Announced
At this morning's Nintendo Direct mini , The Big N showed off a new title in the Mario Tennis series, coming to Nintendo Switch . Nintendo being Nintendo , the game still comes with two-player co-op, but players can utilize spit Joy-Cons to play together.
Dark Souls Remastered Confirmed For Nintendo Switch
New graphics and lighting, natch, plus online upgrades to bring it to a similar player count as later games in the series. One bit of new information to come from this is that the Remaster will run on the Dark Souls 3 engine .
U.S. shares snapped their New Year rally on Wednesday while the Canadian dollar and the Mexican peso fell after a Reuters report said Canada increasingly believes that U.S. President Donald Trump will soon announce his intention to withdraw from the North American Free Trade Agreement treaty.
The analysts said in the note a global recovery and potential central bank action are possible drivers of a sustained sell off in bonds, though they stopped short of saying that this trend has begun. But the index lost ground again in mid-afternoon trading after Reuters reported that Canada is increasingly convinced Trump will soon announce a US exit from the North American Free Trade Agreement.
A separate probe into Chinese intellectual property practices may also conclude as early as this month, Axios reported, and could result in tariffs on the country's consumer-electronics exports. China wants its own currency, the yuan, pegged to the dollar.
The euro traded at $1.1945, almost flat on the day, and holding above Tuesday's low of $1.1916.
The dollar had been on the back foot against the Japanese currency following news earlier this week that the Bank of Japan had slightly reduced its purchases of Japanese government bonds.
When China buys U.S. bonds it is effectively bank-rolling the United States. It estimates the USA economy advancing from 2.3% last year to 2.5% in 2018 before slowing to 2.2% in 2019 and 2% in 2020; the Eurozone from 2.4% in 2017 to 2.1% this year to 1.7% in 2019 and 1.5% in 2020; and Japan from 1.7% to 1.3% to 0.8% to 0.5%, respectively. The debt is becoming less attractive compared with other assets and trade tensions with the US may provide a reason for the shift, the thinking of the officials goes, according to the people.
Brent crude rose 0.5 per cent to $US69.15 per barrel, staying near its highest level since mid 2015.