Sydney — Asian stocks were lower on Tuesday as rising bond yields affected tech shares and company valuations in China and Korea and investors grappled with their inflation fears as the US looks set to pass a $1.9-trillion stimulus package.
Despite the positive cues, investors remain conflicted over whether the stimulus will help global growth rebound faster from the Covid-19 downturn or cause the world’s biggest economy to overheat and lead to runaway inflation. The index gave back those gains to be only 0.40% higher in afternoon trading after the tech declines and a 10% fall in Insurance Australia Group shares ahead of an announcement regarding the insolvency of financial services provider Greensill Capital.On Wall Street, the Dow advanced, while the Nasdaq shed over 2%, marking a more than 10% fall since its February 12 closing high and confirming a correction in the index’s value.
I wanna use this opportunity to thank Mr David for the great support he put on, you're a man of intergrity, i wont stop until the whole world would hear your name !!! DavidLingleyBT
I'm very pleased to celebrate my cashout with everyone in the group. Indeed I'm happy and DavidLingleyBT is really a genuine paying man the whole world needs to know how good and generous he is.
I will always tell you about kellybrian_ he's one in a million I make money from home despite the world pandemic inbox him to know more about his crypto trade offers / 🙏🏻🙏🏻
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian tech stocks tumble as inflation’s shadow looms largeTraders brace for US data amid worries of growing price pressures
Source: BDliveSA - 🏆 12. / 63 Read more »