Asian Stocks Up, but Inflation Concerns Re-Emerge

SourceInvesting.com
SectorFinancial Markets
CountryGulf

© Reuters.

By Gina Lee

Investing.com – Asia Pacific stocks were mostly up Monday morning, with volumes thin over the closure of two major markets in the region and re-emerging inflation concerns.

Chinese and Japanese markets are closed for a holiday.

In Australia, the edged up 0.14% by 10:30 PM ET (2:30 AM GMT), ahead of the Reserve Bank of Australia’s due to be handed down on Tuesday. April’s , released earlier in the day, was at 61.7, higher than March’s 59.9 reading.

South Korea’s inched up 0.05% while Hong Kong’s slid 1.45%.

U.S Treasury yields held above the 1.6% mark at the close of the previous session.

Inflation concerns are back in the spotlight as U.S. economic data, including and , released during the previous week indicated potential inflation pressures and increased talk of a possible pullback in central bank support.

Investors are also worried that central banks could begin tapering their asset purchase programs that have supported the recovery...read more...