Global Markets Reaction to U.S. Presidential Debate

Asian markets and U.S. stock futures experienced volatility after the first U.S. presidential debate between Kamala Harris and Donald Trump. The debate focused on key issues such as abortion, the economy, and immigration. Investors are now looking at U.S. inflation data for cues on the Federal Reserve's next move.

Asian markets wavered and U.S. stock futures declined on Wednesday following a contentious presidential debate between Democratic Vice President Kamala Harris and Republican Donald Trump. They sparred over abortion, economic policies, immigration, and Trump's legal challenges, marking a heated start to the race.

This uncertainty left investors cautious as they also anticipated forthcoming U.S. inflation data, potentially impacting the Federal Reserve's forthcoming policy decisions. MSCI's index of Asia-Pacific shares outside Japan fell 0.25%, S&P 500 futures dropped 0.38%, and the U.S. dollar showed signs of weakness.

Harris' delayed entry into the presidential race post-Biden's withdrawal has intensified the competition, altering market expectations of a potential Trump victory. While immediate monetary policies may not shift, investors are keenly observing each candidate's fiscal strategies and economic plans.

(With inputs from agencies.)