SINGAPORE : Asian stocks stayed at two-year lows on Wednesday, after a strengthening U.S. dollar, instability in the U.K. bond market, and forthcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors.
Japan will take necessary steps in the foreign exchange market if needed and there is no change in the country's stance at all, the Jiji Press news agency quoted Finance Minister Shunichi Suzuki as saying on Wednesday. The Bank of England warned UK pensions funds and other investors to get their houses in order by Friday, when it would end a huge bond-buying programme aimed at calming roller-coaster moves seen by gilts and sterling in recent days.
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