Tech shares led a rebound in Hong Kong equities, which on Monday slumped to the lowest since 2009. Japanese shares climbed as the yen’s weakness supported sentiment for the nation’s exporters. Technology and EV battery companies pushed South Korea’s benchmark index higher.
Treasury yields were little changed after increases in rates across the curve on Monday saw two-year US yields climb to around 4.5%. Swap markets are pricing in a 75-basis-point hike this week amid the Fed’s most-aggressive tightening campaign in four decades. , providing the prospect of relief for markets. The US will likely raise rates by 50 basis points in December and pause after one more 25-basis-point hike in the first quarter, he said.
Traders in Asia will be watching Caixin China PMI figures after a separate data release on Monday showed the nation’sIn currency markets, the yen is back within reach of the 150 level versus the dollar. Japan
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