HONG KONG – Asian markets slipped Wednesday following a soft lead from Wall Street, while focus turns to the US where Joe Biden is expected to unveil his latest multi-trillion-dollar recovery plan for the world’s top economy.
While regional equities have enjoyed a run of buying this week thanks to optimism about the global economic recovery and vaccinations, trading floors continue to be worried by fears that rebound will stoke inflation and in turn force central banks to hike interest rates.
The issue has now reached a point where dealers are spooked by good news, with the possibility of more government spending forcing benchmark 10-year US Treasury yields — a gauge…
Keep on reading: Asian markets track US losses, Biden spending plan in focus