Asian shares fall as Treasury yield curve flattens further
Investors weigh the implications of the Fed’s surprise hawkish shift last week
21 June 2021 - 07:52
Tokyo — Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the US Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%.
Japan’s Nikkei led declines with a 3.3% drop and dipped below 28,000 for the first time in a month, while MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% in early trading...
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