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Asia stocks weighed by inflation concerns, China tech selling

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HONG KONG : Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks

HONG KONG : Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.

The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 2.5869 per cent, up from 2.583 per cent. Inflationary pressures remain top of mind for investors, given German wholesale inflation figures published on Friday showed a higher than expected jump indicating prices will remain elevated in the short term future.

While Labor has promised climate, housing and enhanced social welfare reforms analysts do not believe the change in government will crate major implications for the nation's economy.

 

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