Asian shares falter as Treasury yields rise
MSCI’s broadest index of Asia-Pacific shares outside Japan is on track for first loss in five months
Sydney — Asian stocks were on the back foot on Wednesday while the safe-haven dollar held near a one-year high as Treasury yields resumed their upward march, hitting sentiment even as Chinese data underpinned signs of a solid global economic recovery.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased from a one-week high of 682.36 points to be last at 680.04 and still a fair distance away from an all-time peak of 745.89 touched just last month...
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