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

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.

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Category: BusinessFinance

Markets: IndiaAustraliaChinaHong KongJapanSouth KoreaUnited States

Topics: Asian shares Global shares market Global shares Asian share market US inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:59:36 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 877 words

Reading Time: 5 minutes read

Sentences: 29 lines

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News ID: 23565978

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