Still, 2021 has been tough for much of the region and MSCI's broadest index of Asia-Pacific shares outside Japanhave also lost 6% led by big falls in techs as Beijing tightened restrictions on the sector.slipped 0.7% on Thursday, which left it with a modest gain of 4.6% for the year and some way from a three-decade top reached in September. Tokyo is shut on Friday.was an outperformer with a rise of 24% thanks to red-hot demand for computer chips amid limited supply.
Bond markets have been stressed by the persistence of U.S. inflation and a resulting hawkish turn by the Fed, with investors now pricing a first rate hike as early as March or May. On Thursday, 10-year yields were up 6 basis points for the week at 1.55% but well below the 1.776% peak hit in April. In commodity markets, gold was steady at $1,804 an ounce , though that left it 5% lower for the year.
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