Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from global markets overnight, as strong US economic data sent Treasury yields higher and renewed concerns over the outlook for interest rates.
Recouping some of the losses in the previous session, the Japanese stock market is notably higher on Tuesday, with the Nikkei 225 moving well above the 39,900 level, despite the mostly negative cues from Wall Street overnight, with gains across most sectors led by index heavyweights and technology stocks.
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