Reported 4 months ago
Asian stocks declined as concerns about the US economy outweighed expectations for Federal Reserve policy easing, leading to a fall in shares from Japan to South Korea while those in Hong Kong and China fluctuated. Treasuries steadied in Asia after US factory activity data showed a faster shrink, with 10-year yields edging up two basis points at 4.41%. The dollar stabilized, and Asian currencies like the Thai baht and Malaysian ringgit strengthened. Investors are awaiting India's election results and focusing on inflation trends and the upcoming jobs report in the US.
Source: YAHOO