Asian stocks drift lower as US yields renew two-year high, China equities portray trade fears By anilpanchal7 Asia TradeWar RiskAppetite Inflation Equities
The US 10-year Treasury yields rose around three basis points to refresh the two-year high near 1.95% whereas the five-year counterpart added four bps to renew the 18-month peak of 1.8050% at the latest.
Amid these plays, MSCI’s index of Asia-Pacific shares ex-Japan drop half a percent while Japan’s Nikkei 225 added 0.30% intraday by the press time. Elsewhere, National Australia Bank’s Business Conditions and Business Confidence for January marked mixed figures with the Business Conditions easing to 3 versus a forecast of 4 and 8 previous. On the other hand, the NAB Business Confidence recovered from -12 to 3, versus 0 forecast.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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