Asia Stocks to Follow US Slump as Fear Gauge Rises: Markets Wrap

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Asian shares are set to follow a slump in their US peers after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields to new multi-year highs.

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Asia Stocks Set to Drop After Slump in Treasuries: Markets WrapSovereign bonds and shares declined in Asia after hawkish signaling from the Federal Reserve intensified a selloff in Treasuries and fueled a volatile session for the S&P 500.
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Chinese Stocks in Hong Kong Slump, Leading Asia Equities SelloffChinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook.
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