Rising Yields Hurt Asian Stocks, but China’s Stimulus Hopes Reduce Losses
After overnight U.S. Treasury rate rises, most Asian stock markets fell on Thursday, with technology-heavy bourses leading losses. However, China’s stimulus plans are limited.
After overnight U.S. Treasury rate rises, most Asian stock markets fell on Thursday, with technology-heavy bourses leading losses. However, China’s stimulus plans are limited.
Chinese stocks soared as the People’s Bank decreased interest rates for the second week in a row, while broader Asian markets sank owing to Fed policy uncertainties.