Reported 4 months ago
Asian bonds followed US Treasuries higher due to speculation of a rate cut by the Federal Reserve amid signs of a cooling US labor market. Meanwhile, Indian stocks faced volatility as investors assessed the Prime Minister's party's ability to form a coalition government. Japanese equities declined, Hong Kong and South Korea saw gains supported by tech shares, and Chinese shares fell despite positive service sector data. Markets are closely watching labor market readings for further clues on potential rate cuts, with US stock futures trading with modest gains in Asia.
Source: YAHOO