Asia shares drop as Treasury yields hit fresh highs

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Asia shares drop as Treasury yields hit fresh highs
News & Feeds

Asia shares drop as Treasury yields hit fresh highs

TOKYO (Reuters) – Asia’s share markets struggled on Wednesday as U.S. Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter U.S. monetary policy.

Oil prices hit their highest since 2014 amid an outage on a pipeline from Iraq to Turkey and global political tensions, stoking fears of inflation becoming more persistent and propping up the dollar, which hovered near one-week highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan reflected the sombre tone, trading down 0.1% in mid-morning trade after closing lower for four days straight.

Read More…https://www.investing.com/news/economy/asia-shares-drop-as-treasury-yields-hit-fresh-highs-2741988