Rising bond yields and weak US data weigh on Asian stocks
Asian stocks retreat from record highs as the number of Americans seeking jobless benefits rise
19 February 2021 - 08:00
Sydney — Asian stocks pulled back from all-time peaks on Friday as higher longer-dated bond yields and underwhelming US data dented investor confidence in a faster economic recovery from the Covid-19 pandemic, while gold hit a seven-month trough.
MSCI’s broadest index of Asia Pacific shares outside Japan was last down 0.1% at 733.67 from a record high of 745.89 touched on Thursday...
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