Asian shares slide to seven-week low
Surging commodity prices and growing inflationary pressure in the US prompt markets to bet on earlier rate increases and higher bond yields
12 May 2021 - 07:38
Sydney — An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the US prompted markets to bet on earlier rate hikes and higher bond yields globally.
MSCI’s broadest index of Asia-Pacific shares outside Japan slumped 1.5%, adding to Tuesday’s 1.6% loss with all major indices under heavy selling pressure...
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