SINGAPORE- Asian stocks broadly rose on Wednesday, while the dollar was steady as a softening US labor market firmed up bets of a Federal Reserve interest .
Asian stocks were a sea of
red on Thursday and bonds slid on bets global interest rates
would stay higher for longer, as investors looked to key
inflation readings at the end of the week for further.
Stocks, Bonds Slump Over Global Rates Angst usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Asian stocks fell as investors awaited key inflation readings for clues on global interest rates and monetary policy. The dollar rose on higher Treasury yields as gold remained under pressure. Equities slid, bonds swooned, and the USD showed strength. Markets reacted to data on inflation, economic activity, and German inflation.