Asian shares slipped on Wednesday, giving up small gains made the previous day a...
TOKYO - Asian shares slipped on Wednesday, giving up small gains made the previous day as investors tried to come to terms with a sharp shift in U.S. bond markets and the implications for the world’s top economy.
Wall Street’s main indexes tallied solid gains on Tuesday but finished below their session highs in a reflection of the underlying concerns about the economic outlook.The 10-year U.S. Treasuries yield inched to as high as 2.432 percent from Monday’s 15-month low of 2.377 percent, though the yield curve remained inverted, with three-month bills yielding 2.461 percent, more than 10-year bonds.
Yet the signs from a raft of economic data, including a set of indicators on Tuesday, weren’t encouraging. Many major economies in the world, including China, Europe and Japan, are already slowing down, not helped by uncertainties stemming from trade frictions between the U.S. and China as well as Brexit.
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