Asian shares slide on unease over jump in bond yields as US inflation eyed

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Asian shares slide on unease over jump in bond yields as US inflation eyed - Business Standard

Quick Summary:

Hong Kong's Hang Seng slid 0.9 per cent as of 0147 GMT, with a subindex of mainland Chinese property stocks slumping 1.3 per cent.

The 10-year yield hovered around 4.43 per cent, not far from the four-month high of 4.479 per cent reached a week ago in the immediate aftermath of Trump's sweeping victory.

Traders currently lay 60 per cent odds for the Fed to cut rates by a quarter point on Dec.18 at the conclusion of its next policy meeting, according to CME Group's FedWatch Tool.