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Asian Shares Steady as Rising Treasury Yields Challenge High Valuations

share-iconMonday, December 30 comment-icon1 month ago 8 views
News sources:
reutersREUTERS
Asian Shares Steady as Rising Treasury Yields Challenge High Valuations

Credited from: REUTERS

  • Asian shares had a subdued opening as high Treasury yields challenge elevated valuations in U.S. equities.
  • Markets were quiet due to light trading volumes ahead of New Year's, with key economic data anticipated this week.
  • The MSCI Asia-Pacific index fell by 0.2% but remains up 16% for the year, while Japan's Nikkei dipped 0.9%.
  • South Korea's index faced a 9% loss this year amid political uncertainty; Jeju Air’s shares hit a record low following a tragic plane crash.
  • Investor focus remains on bond yields, which are at eight-month highs, creating concerns about future corporate earnings growth.

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