"Asia Markets React to U.S. Rate Scare, Yen Plunge, and Election Defeat"
TL;DR Summary
Asian shares fell as U.S. inflation raised concerns about potential Federal Reserve easing, leading to a 34-year high for the dollar against the yen. The European Central Bank meeting is awaited, and Chinese shares saw mixed performance. U.S. stock futures and Treasuries steadied after a 20 basis point surge in yields. The dollar remained strong against major peers, while metal prices held up despite the strong dollar. Oil prices rose after an Israeli strike in the Middle East, and gold prices approached record highs.
Topics:business#asian-bonds#asian-shares#currency-exchange-rates#federal-reserve#financeeconomy#us-inflation
- Asian shares fall on U.S. rate scare, yen plumbs 34-yr low Reuters
- South Korea election: Prime minister offers to resign after election defeat The Associated Press
- Asia markets tumble as U.S. inflation stokes higher-for-longer rate worries; China CPI slows CNBC
- Asian Stocks to Be Sold on CPI, Traders Wary of Yen Intervention Bloomberg
- Hang Seng Index, ASX 200, Nikkei Index: Inflation, the BoJ, and Interventions FX Empire
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