Asian Stocks Stabilize, Treasuries Hold Advances: Markets Wrap

Asian equities swung between gains and losses as investors weighed the fallout from the selloff in global stocks, with traders watching whether regional markets can stabilize after Wall Street’s sharp losses.

MSCI’s stocks gauge for Asia Pacific was little changed after the index had its biggest drop since early April on Tuesday. Contracts for US stocks edged lower after the S&P 500 index fell for a fourth day. An index of the so-called Magnificent Seven declined 1.8%.

Bitcoin steadied to trade around $92,500 after briefly dropping below $90,000 on Tuesday.

A selloff in the world’s biggest tech firms has dragged ...