Asian stocks rebound, European stocks drop – GulfToday

Asian stocks rebound, European stocks drop – GulfToday

Picture used for illustrative purpose. File

Gulf Today Report 

Asian stocks rebounded as global bond yields dropped and Chinese shares bounced back after a recent decline.

 

Japan's Nikkei was little changed while MSCI's ex-Japan Asia-Pacific shares index rose 0.2%, a day after it hit a two-month low. The CSI300 index of mainland China's A-shares rose 0.4%.

 

Hiroshi Watanabe. Senior economist at Sony Financial Holdings said, "markets are giving full attention to bonds. As earnings are not growing that fast right now, the lofty stock prices we have now will become unsustainable if bond yields rise further and undermine their valuation."  

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