Australia CPI, South Korea GDP drown markets in Canberra, Seoul.
Among the key losers is Australia’s ASX 200 and South Korea’s KOSPI, both of which drop around 2.0% at the latest. Strong prints of Australia’s Q4 followed an upbeat Aussie jobs report to propel the Reserve Bank of Australia towards stiff monetary policy, which in turn weighed on the Aussie stocks. On the other hand, South Korea’s preliminary readings of Q4 GDP also came out as robust and favored bears in Seoul.
On a broader front, the US 10-year Treasury yields stay firmer around 1.78%, rising for the first time in the last five days, whereas the US stock futures remain on the back foot.
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