Asian Stocks Slide as 10-Yr Yield Hits 4.73%; Kospi -3.5%
Asian equities started the week under pressure from a renewed rise in U.S. Treasury yields, with the 10-year hitting 4.73% after a short-lived Treasury buyback intervention. South Korea's Kospi fell 3.5%, while Australia's ASX 200 bucked the trend. Investors now look to Wednesday's July PCE inflation report and Jackson Hole for direction on Fed policy and global liquidity.
Source: asahi.com · news4jax.com