Asia stocks set to fall, pressured by soaring T-note yields

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Asian stocks are set to open mostly lower on Friday, pressured by U.S. Treasury yields that rose to 14-month highs overnight and oil prices, which ...

Asian stocks are set to open mostly lower on Friday, pressured by U.S. Treasury yields that rose to 14-month highs overnight and oil prices, which fell by their biggest one-day declines since last summer.

Australia's S&P/ASX 200 index lost 0.21per cent in early trading, and Hong Kong's Hang Seng index futures lost 0.72per cent.In Japan, where the central bank will meet on Friday, the Nikkei 225 futures added 0.08per cent. E-mini futures for the S&P 500 rose 0.21per cent. The jump in yields accelerated a move out of growth stocks with the tech-heavy Nasdaq falling more than 3per cent.

France's prime minister imposed a month-long lockdown on Paris and parts of the north after a faltering vaccine rollout and spread of highly contagious coronavirus variants forced President Emmanuel Macron to shift course.

 

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