Asia Stocks to Follow US Slump as Fear Gauge Rises: Markets Wrap

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Asian shares are set to follow a slump in their US peers after employment data bolstered the case for the Federal Reserve to keep interest rates elevated and pushed up Treasury yields to new multi-year highs.

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Asia Stocks Set to Fall After Slide in Treasuries: Markets Wrap(Bloomberg) -- Asian shares look set to fall after hawkish signaling from the Federal Reserve intensified a rout in Treasuries and caused the S&P 500 to whipsaw in a volatile session.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Survey SaysJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Big Tech Spared as Bond Selloff Rattles
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