Stocks slide on unease over jump in bond yields as focus turns to US inflation

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The story "Stocks slide on unease over jump in bond yields as focus turns to US inflation" was covered 2 hours ago by The Star, a news publisher based in Malaysia.

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The Star 2h ago

Stocks slide on unease over jump in bond yields as focus turns to US inflation - The Star

Quick Summary:

TOKYO: Asian stocks slumped on Wednesday as a sharp rise in U.S.bond yields unnerved investors ahead of key inflation data that could inform the pace of Federal Reserve policy easing.

Commodities were broadly weaker as traders worried about the outlook for key consumer China, which stands to bear the brunt of Trump's threatened trade tariffs.

Japan's finance ministry currency czar Atsushi Mimura said last week that officials "are ready to take appropriate actions if necessary when excess moves are seen".