Asian shares stumble as US yields, dollar hold firm By Reuters – Investing.com
- Date: 29-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Asian shares stumble as US yields, dollar hold firm By Reuters – Investing.com
By Alun John
HONG KONG (Reuters) - Asian shares lost ground on Wednesday, tracking declines on Wall Street as investors fretted over economic uncertainties that caused a spike in U.S. benchmark bond yields and pushed the dollar to a more than 10-month high.
Doubts are re-emerging over the global recovery at a time when the U.S. Federal Reserve is set to taper stimulus and the Biden Administration is stuck in contentious debt ceiling negotiations that could lead to a government shutdown.
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