Bonds rally, stocks drift as China boost fades

News Snapshot:

SINGAPORE, Aug 29 (Reuters) - Asian equity markets struggled for direction on Tuesday as the bounce from Beijing's efforts to support stocks ebbed, while bonds rallied and the dollar dipped ahead of U.S. labour and manufacturing data due later in the week. Amid growing expectations those data points could come in soft, U.S. Treasuries extended overnight gains, driving two-year yields down 6.5 basis points (bps) to 4.9855% and 10-year yields down three bps to 4.1843%. That put some gentle pressure on the dollar, which has slipped below its 200-day moving average to $1.0833 per euro and was slightly lower on...