Asia shares fall as Treasury yields hit fresh highs

19/1/2022 9:07:00 AM

Global Markets: Asia shares fall as Treasury yields hit fresh highs - Reuters

Global Markets: Asia shares fall as Treasury yields hit fresh highs - Reuters

TOKYO (Jan 19): Asia's share markets fell on Wednesday as US Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter US monetary policy.Oil prices hit their highest since 2014 amid an outage on a pipeline from Iraq to Turkey and global political tensions, stoking fears of inflation becoming more persistent and propping up the US dollar, which hovered near one-week highs.MSCI's broadest index of Asia-Pacific shares outside

TOKYO (Jan 19): Asia's share markets fell on Wednesday as US Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter US monetary policy.Oil prices hit their highest since 2014 amid an outage on a pipeline from Iraq to Turkey and global political tensions, stoking fears of inflation becoming more persistent and propping up the US dollar, which hovered near one-week highs.

MSCI's broadest index of Asia-Pacific shares outside Japan reflected the sombre tone, losing 0.7% in mid-afternoon trade after closing lower for four days straight.Australia shed 1.0%, while Japan's Nikkei hit a three-month low as technology stocks fell and worries over new curbs on businesses to halt a record surge in coronavirus cases curbed risk appetite. It was last down 2.7%.

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A TOKYO (Jan 19): Asia's share markets fell on Wednesday as US Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter US monetary policy.The 18-year-old is in the race against time to be fit after recovering from a back injury sustained in October last year.A MELBOURNE (Jan 18): Asia's share markets were mostly higher on Tuesday even as global investor attention remains fixed on the prospect of US interest rate hikes in the next few months, after two years of unprecedented pandemic-induced policy easing.A BENGALURU (Jan 18): Thailand's baht rose on Tuesday on hopes that the tourism-reliant country waives quarantine for vaccinated visitors again, while its emerging market peers gained on a US dollar unperturbed by a rise in Treasury yields.

Oil prices hit their highest since 2014 amid an outage on a pipeline from Iraq to Turkey and global political tensions, stoking fears of inflation becoming more persistent and propping up the US dollar, which hovered near one-week highs. MSCI's broadest index of Asia-Pacific shares outside Japan reflected the sombre tone, losing 0. The promising shuttler, who made her debut in the Uber Cup Finals in Aarhus, Denmark, was supposed to return for three back-to-back tournaments in Europe this month – last week’s Estonian International, this week’s Swedish Open (20-23) and Ukraine Open (27-30) but the Badminton Association of Malaysia had to pull her out as she was still not match fit.7% in mid-afternoon trade after closing lower for four days straight. holiday. Australia shed 1. “There’s no point sending her knowing that she will not be able to play her best.0%, while Japan's Nikkei hit a three-month low as technology stocks fell and worries over new curbs on businesses to halt a record surge in coronavirus cases curbed risk appetite. In Thailand, the government is considering bringing back a quarantine waiver for vaccinated visitors, its health minister said.

It was last down 2.) Kisona. Australian shares were up 0.7%. Shares in Sony Group slumped to their lowest level since late October, losing more than 10% after gaming rival Microsoft said it will buy developer Activision Blizzard. She’s already back in training but is not fit yet. Elsewhere, South Korea's Kospi lost 1. Hong Kong's Hang Seng Index was up by 0.0%, while China's blue-chip index was down 0. “Hopefully, we will have her back by next month for the team event.3% higher.

6% despite expectations of more central bank policy easing. Hong Kong's Hang Seng index bucked the downtrend to trade flat. “She was only promoted to the senior team not too long ago (in October), and she definitely needs to train for a longer period in order to be more competitive at the senior level,” said Choong Hann.63% higher ahead of the Bank of Japan's decision due between 0230-0500 GMT. Two-year Treasury yields, which track short-term interest rate expectations, were last at 1.069%, after hitting as high as 1. We have plans in store for her too.075%, the highest since February 2020, as traders positioned for a more hawkish Federal Reserve ahead of the US central bank's policy meeting next week.51. China's top economic planner said on Tuesday that policymakers will quickly roll out more measures to boost demand.

"The speed of the short-rate move . Prior to that, only Kisona, Eoon Qi Xuan, Letshanaa and Myisha Khairul were left in the team following the retirement of two-time world junior champion Goh Jin Wei... Article type: metered. The US Federal Reserve is due to meet Jan 25-26 and while it is not expected to shift rates then, a growing number of investors think March will be the start of a tightening cycle. is raising concerns that Asia is going to have[to] follow very quickly in hiking rates," said Sean Darby, global equity strategist at Jefferies. The prospect of higher US rates also played out elsewhere in fixed income markets, with longer-dated US Treasury yields hitting fresh two-year highs.3%.

Ten-year yields were up about 1 basis point at 1. "We think it will be faster than markets currently expect.8842% after hitting as much as 1.890%, while five-year yields were at 1.682%, also holding near new two-year highs recorded early in the session." The prospect of higher US rates was also playing out in fixed income markets on Tuesday, following the US market closure on Monday. "It seems as if rates are following the typical historical pattern of increasing into the first Fed hike of the cycle," Rodrigo Catril, a senior FX strategist at National Australia Bank, said in a note. Markets in Malaysia were closed for a holiday.

"Another surge in oil prices and ongoing repricing of Fed hike expectations are themes playing in the rates space with the US dollar broadly stronger, benefiting from the combination of higher US Treasury yields and spike in risk aversion," he added. The dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was down a tad at 95.7 basis points (bps) at 1.669. The Australian dollar was just below its 50-day moving average at US$0.71915, while sterling held steady at 1.6 bps to 1.

3609. It will be in focus later on Wednesday when British inflation figures are due, with annual headline inflation expected to reach its highest in almost a decade of 5.2%.8108% in early Tokyo trade. Oil prices rose for a fourth day as an outage on a pipeline from Iraq to Turkey added to worries about an already tight supply outlook amid geopolitical troubles involving Russia and the United Arab Emirates. US crude jumped 1.

36% to US$86. US crude ticked up 0.59 a barrel. Brent crude rose 1.21% to US$88. Brent crude rose to US$86.57 per barrel.

Gold was slightly lower. Spot gold traded at US$1,811. Spot gold traded at US$1,818.35 per ounce. Subscribe to Mid-day email alert We deliver news to your inbox daily .