GLOBAL MARKETS-Asia stocks wobble, dollar firm as markets wary before key U.S inflation data Fintech Zoom World Finance ChinaPulse.com China News, Data, Media Intelligence and Insights


Source: chinapulse.com chinapulse.com

Key Topics in this News Article:

News Snapshot:

By Scott Murdoch HON G KO NG, April 12 (Reuters) – Asian shares were down while the U.S. dollar held strong on Tuesday, as Treasury yields spiked to a three year high ahead of U.S. inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3%, after U.S. stocks ended the previous session with mild losses. Australian shares were down 0.65%, while Japan’s Nikkei stock index slid 1.5%. Higher U.S. bond yields were supporting the dollar, with the U.S. currency’s index measure against six peers...