Asian shares dip, soaring US bond yields rattle emerging markets

Asian shares dipped while the dollar strengthened broadly on Friday as US bond yields soared on expectations US President-elect Donald Trump’s policies would stoke inflation.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, with Korean shares off 0.5 percent. Australian shares eked out small gains of 0.1 percent.

Japan’s Nikkei also rose more than 1 percent to 6-1/2-month highs thanks to a weaker yen.

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Posted in: Indian Market Tips