Asian shares slide with U.S. yields on Pelosi jitters; Aussie drops




TOKYO – Asia shares tumbled on Tuesday as jitters about an escalation in Sino-U.S. stress with U.S. Home of Representatives Speaker Nancy Pelosi set to start a visit to Taiwan, including to fears in regards to the danger of world recession.

U.S. long-term Treasury yields dropped to a four-month low, pulling the U.S. greenback down, amid a bid for safer belongings after China threatened repercussions within the occasion of the go to by Pelosi to the self-ruled island, which China claims as its territory. Crude oil additionally sank.

In the meantime, Australian shares pared declines and the Aussie greenback weakened after the central financial institution raised the important thing price by an as-expected 50 foundation factors, with markets deciphering ch…

Carry on studying: Asian shares slide with U.S. yields on Pelosi jitters; Aussie drops

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