Tuesday, 5 May 2015

Asian Market Update

Asian stocks stumbled on Wednesday in sympathy with weak US and European markets as equities investors were spooked by a vicious selloff in sovereign bonds globally. The sudden spike in bond yields is being mirrored by an equally rapid rally in resources to suggest investors are becoming less concerned about the danger of deflation. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.4 percent in early trade, led by a 1.2 percent decline in Australia .

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