HONG KONG : Stock and bond markets attempted to steady on Tuesday, as investors turned their focus to this week's U.S. labour market report, to gauge if interest rate hikes that have been priced in around the world are justified.
Besides interest rates, the health of China's economy is also at the forefront of investor concerns. China's benchmark Shanghai Composite Index lost 0.4 per cent in early trade. "The markets focus for the next couple of weeks at least, will be the likely Fed action," said Manishi Raychaudhuri, head of APAC equity research at BNP Paribas.