Asian Stocks Open Higher; U.S. Yields Eye 3% Again: Markets Wrap
By-
Alphabet gained after results; Trump takes aim at Amazon
- China’s offshore yuan trades near lowest in more than a year
Asian stocks climbed Tuesday, after their U.S. counterparts closed higher and as rising yields boosted financials. Ten-year Treasury yields held around the highest level in more than a month.
Equity benchmarks in Tokyo, Seoul and Sydney opened higher, while futures on Hong Kong’s Hang Seng showed a modest gain. Treasuries held losses from the past two days, with the declines coinciding with speculation that the Bank of Japan may consider fine-tuning its stimulus programs — a reminder that the direction of major central banks is toward taking back quantitative easing. Higher longer-dated bond yields in turn has boosted bank and insurance shares. Elsewhere, crude oil held below $68 a barrel in New York.
Asian Stocks Open Higher; U.S. Yields Eye 3% Again: Markets Wrap
