SINGAPORE: Asia’s two tech-heavy economies South Korea and Taiwan are facing an uphill battle in trying to stem losses in what are already among the world’s worst-performing assets this year.
The unprecedented sanctions under consideration would not just bar Americans from doing business with the company but also make its global customers potential targets of US action.
Ten-year yields climbed through 2.75 per cent for the first time since March 2019 as investors priced in the Federal Reserve’s tightening plan and accelerating inflation.