Asian stocks drop as Fed shift reverberates; Treasury yields slide – Reuters
- Date: 21-Jun-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Asian stocks drop as Fed shift reverberates; Treasury yields slide – Reuters
TOKYO, June 21 (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%.
Japan's Nikkei (.N225) 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.
Chinese blue chips (.CSI300) opened 0.4% lower, and Australia's benchmark (.AXJO) slid 1.8%.
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