Hong Kong-listed Chinese technology companies fell more than 3%, with notable weakness also in South Korean and Australian shares. US futures fluctuated after a sharp slide on Wall Street on Tuesday, when the S&P 500 dropped the most in two weeks.
The two-year Treasury yield rose further above 5% on Wednesday and was at the highest level since mid 2007. The rate has now surpassed its 10-year equivalent by a full percentage point for the first time since 1981. This is playing out in a deeply inverted yield curve – a potential harbinger of recession.
“A 6% terminal rate is not out of the question now,” said Kellie Wood, deputy head of fixed income at Schroders in Australia. “Expect to see a broad-based selloff in Aussie and Asian markets today led by the short end but with US rates underperforming.”
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Asian stocks firm as bonds pause on update over US rate outlookThere was disappointment that Beijing set its growth outlook at 5%, but the recent run of data has kept investors optimistic
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