Asian stocks drop as Fed shift reverberates; Treasury yields slide By Reuters – Investing.com

Asian stocks drop as Fed shift reverberates; Treasury yields slide By Reuters – Investing.com

By Kevin Buckland

TOKYO (Reuters) - Asian stocks dropped on Monday as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below 2%.

led declines with a 3.3% drop and dipped below 28,000 for the first time in a month, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% in early trading.