Asia-Pacific stocks dip as investors watch Treasury yields
17 Feb 2021 | SET News
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Stocks in Asia-Pacific were lower in Wednesday morning trade following an overnight dip for the S&P 500 stateside as investors grew concerned over rising bond yields.
In Japan, the Nikkei 225 slipped 0.76% in early trade while the Topix index shed 0.17%.
Japan’s exports rose 6.4% in January as compared with a year earlier, according to trade statistics released Wednesday by the country’s Ministry of Finance.
South Korea’s Kospi fell 0.94%. Shares in Australia were lower as the S&P/ASX 200 declined 0.44%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.41% lower.
Markets in mainland China remain closed on Wednesday for the Lunar New Year holidays.
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