Asian stocks skid, bond yields up after hawkish Fed comments

TOKYO : Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine.

Activity in China's services sector shrank at the steepest pace in two years in March as a local Omicron surge restricted mobility and weighed on client demand, a closely watched private sector survey showed on Wednesday. "It's currently considered an 80per cent chance the Fed will take that course," said Kyle Rodda, a market analyst at IG in Melbourne. Investors hadn't fully priced in such a move, so greater evidence for it may move markets, Rodda added.

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Asian stocks skid, bond yields rise after hawkish Fed commentsTOKYO : Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine.U.S. Treasury yields hit multi-year highs an
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