Asia stocks on back foot as dollar, Treasury yields rise

The US dollar scaled an eleven-month peak on Tuesday and Treasury yields extended their rise as investors braced for higher inflation in the United States amid expectations of fiscally expansionary polices under Donald Trump’s presidency.

The risks of faster-than-expected Federal Reserve rate increases have dragged on emerging market assets, particularly equities and currencies, which have benefited from large capital inflows.

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trades while Australian stocks were off 0.5 percent.

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Posted in: Indian Market Tips