Asia stocks hover below nine-month high after Wall Street stalls

Koji Sasahara/The Associated Press

“That said, market sentiment is still relatively well supported as recent Chinese indicators proved to be strong and prompted the markets to readjust their views on the global economy.” The 10-year U.S. Treasury yield was at 2.550 per cent, edging back from a four-week high of 2.574 per cent reached on Monday.Elsewhere in commodities, the recent rally in crude oil prices halted on the prospect of Russia and OPEC boosting production to fight for market share with the United States.

The dollar, which tends to underperform when risk appetite increases, was steady at 96.980 against a basket of six major currencies, extending overnight losses.

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