Sydney — Asian stocks were lower on Tuesday as rising bond yields affected tech shares and company valuations in China and Korea and investors grappled with their inflation fears as the US looks set to pass a $1.9-trillion stimulus package.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.79% lower, while Korea’s Kospi fell by 1.88%, its fourth straight session of losses. Japan’s Nikkei pared back earlier losses in the session to be 0.24% higher...
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