Asian stock markets got some reprieve from the recent sell-off after a modest rebound in technology and energy shares underpinned gains in US equities. The dollar slipped and Treasuries steadied as debate about the Federal Reserve softening its stance on raising interest rates gathered pace.
Equity benchmarks were little changed with volumes subdued after their US counterparts closed higher in light of pre-Thanksgiving trading.
Energy shares outperformed after crude oil rebounded from a one-year low, though Apple Inc. surrendered an early rise to close down for a third straight day.
The dollar remained under pressure as MNI reported that the Federal Reserve is considering ending a cycle of interest rate hikes as early as spring. Moreover, US data showed a decline in durable goods orders and rise in unemployment benefits filings.
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