Reported about 14 hours ago
The strong US employment report has led to soaring bond yields and a surging dollar, causing turbulence in Asian markets as investors brace for higher borrowing costs. The robust job creation and falling unemployment rates signal a solid US labor market, yet they heighten concerns over the potential effects on growth in emerging economies, particularly in Asia. As expectations for Fed rate cuts diminish, sentiment remains fragile, and upcoming trade figures from China are likely to exacerbate caution among investors.
Source: YAHOO