Tokyo — Asian shares bounced back on Tuesday after two days of losses as US 10-year Treasury yields edged higher, but the outlook remained murky as investors weighed the odds of whether the US economy is in danger of slipping into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan rebounded 0.3% after losing 1.4% in the previous session. Australian shares were flat, while Japan’s Nikkei jumped 1.8% after recording its biggest drop since late December on Monday. China’s blue-chip CSI300 and Hong Kong’s Hang Seng index also rose, by 0.3% and 0.5%, respectively. Wall Street shares were little changed on Monday with the S&P 500 ending with a small loss of 0.08%. US stock futures rose, with E-Minis for the S&P 500 tacking on one-third of a percent. Investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession. The 10-year US Treasury yield edged up to 2.430%, h...

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