Singapore/Miami — Asian stocks rebounded from two-week lows struck on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising US Treasury yields and inflation prospects hit US tech shares.
On Wall Street, high-growth stocks such as Apple, Microsoft and Tesla weighed on the Nasdaq Composite, which shed 2.5% on Monday. The strength in commodities kept the Australian dollar steady at $0.79 against the US dollar, just near a three-year high. The dollar index was steady at 90.028, with the euro up 0.090% at $1.2165. The Japanese yen was little changed versus the greenback at 105.01 a dollar.