Asian shares fell sharply on Friday, tracking overnight losses on Wall Street, as investors dumped riskier assets amid concerns about rising inflation and interest rates. Meanwhile, long-dated US Treasury yields are on track for their worst week in over a year, as markets price in the possibility of more aggressive rate hikes by the Federal Reserve.
Tag: Asian Shares
Global Markets Feel the Pinch as Asian Shares Decline and Long-Dated Treasuries Face Worst Week in a Year
Asian shares have dropped significantly, while long-dated Treasuries are on track for their worst week in a year, as investors become increasingly cautious due to rising global economic concerns. The decline in Asian markets was led by a sharp fall in Chinese shares, while U.S. Treasury yields rose as investors sold off long-dated government bonds.