Asian shares, U.S. yields rise as investors reassess rout
By Andrew Galbraith
Reuters
SHANGHAI (Reuters) - Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant.
Rising COVID-19 infections have rocked global markets this week as investors dumped risk assets, seeking stability in safe haven assets like bonds. That sent stocks tumbling and pushed the benchmark U.S. 10-year yield to five-month lows on Tuesday.
But on Wednesday, MSCI s broadest index of Asia-Pacific shares outside Japan was up 0.17%, trimming its losses for the week to around 2%, while Japan s Nikkei rose 0.90% after touching six-month lows a day earlier.
Asian shares, US yields rise as investors reassess rout
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Last Updated: Jul 21, 2021, 08:49 AM IST
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Synopsis
Sentiment in Japan was supported by a jump in exports in June, led by U.S. demand for cars and China-bound shipments of chip-making equipment, boosting hopes for an export-led recovery.
Agencies
SHANGHAI: Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant. Rising COVID-19 infections have rocked global markets this week as investors dumped risk assets, seeking stability in safe haven assets like bonds. That sent stocks tumbling and pushed the benchmark U.S. 10-year yield to five-month lows on Tuesday.
Asian shares slip as new COVID cases rise reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
GLOBAL MARKETS-Asian shares slip as new COVID cases rise Reuters 19 hrs ago European shares set to open higher ahead of ECB meeting Nikkei +0.6% before extended Olympics weekend U.S. yields, dollar edge higher; gold down
By Andrew Galbraith
SHANGHAI, July 21 (Reuters) - Asian shares stumbled on Wednesday, giving up early gains, while the dollar was firm as investors worried that a fast-spreading coronavirus variant could impede a global economic recovery.
But European share markets were set for a slightly higher open following sharp falls early in the week, ahead of a European Central Bank meeting on Thursday that is expected to convey a dovish tone.
Dollar and bonds rally as virus fears oust inflation jitters - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.