MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.06%, and was set for a third straight week of losses.MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.06%, and was set for a third straight week of losses.
On Monday, China announced it would end quarantine requirements for inbound travellers on January 8, and several countries, including the United States and Japan, have made COVID tests mandatory for travellers from China. Concerns that central banks efforts to tame inflation could lead to an economic slowdown and the uncertainty over how China’s economy will fare following the removal of COVID controls have kept markets subdued.
US treasury yields have risen as traders attempt to assess the impact of China reopening its economy on the Fed’s rate hike policy.
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