Asia shares stumble; long-end US bond yields rise with dollar

Quick Summary:

SINGAPORE: Asian stocks fell broadly on Thursday, while longer-dated U.S.bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy.

Investors were left unimpressed by Beijing's latest support measures to shore up China's ailing economy, after the finance ministry unveiled tax incentives on home and land transactions on Wednesday.

In line with the declines across Asia, Japan's Nikkei erased early gains to last trade 0.11% lower.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaJapanSingapore

Topics: /Business/Business News Stocks Equities Asia Commodities Markets Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:23:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 773 words

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Copyright Owner: © The Star

News ID: 23580851

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