Asian stocks may be choppy despite US Fed inflation shift, COVID outlook

WASHINGTON: Asian equities are likely to have a bumpy ride on Friday after U.S. stocks scaled new peaks for a third straight day and bond yields surged on the Federal Reserve's average-inflation strategy, as well as a promising development in curbing the coronavirus pandemic.

"There seems to be a bit of rotation with regards to the news today and how the market has responded, giving the markets a value bump," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. Emerging market stocks lost 0.19per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.14per cent lower, while Japan's Nikkei per cent.

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