Asia stocks were mixed on Tuesday as Treasury yields climbed with investors pricing in the start of Federal Reserve tapering and elevated energy prices stoking inflation concerns.
MSCI Inc.’s index of Asia Pacific stocks snapped a three-day advance. Japan and Australia slid. China and Hong Kong advanced, led by property stocks, after China’s central bank said it will work to safeguard the “healthy” development of the property market amid the China Evergrande Group crisis. U.S. futures fluctuated after the tech-heavy Nasdaq 100 dropped.
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September 28, 2021 at 04:39AM
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