Asian stocks step back from record highs on rising bond yields, weak US data | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SYDNEY, Feb 19 — Asian stocks pulled back from all-time peaks today as higher longer-dated bond yields and underwhelming US data dented investor confidence in a faster economic recovery from the Covid-19 pandemic, while gold hit a seven-month trough. MSCI’s broadest index of Asia Pacific shares...

Friday, 19 Feb 2021 10:44 AM MYT

Today, Australia’s benchmark S&P/ASX 200 index was down 0.8 per cent while Japan’s Nikkei fell 0.4 per cent.“The recent move up in longer dated core yields appears to be weighing on equity investors’ mind,” said Rodrigo Catril, forex strategist at National Australia Bank. Rising bond yields hurt the appeal of gold, with spot prices hitting a seven-month low of US$1,766 an ounce today.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines