(Reuters) - Most major stock indexes fell more than 1 percent, although China's Shanghai Composite Index bucked the trend, adding 0.2 percent after a blizzard of positive commentary about stocks in state-owned media was seen as more evidence that authorities did not want a further sharp drop of the market.
Japanese government bonds buckled under the strain after U.S. Treasury yields of all maturities rose above 5 percent for the first time since last July. Investors are betting the Federal Reserve would keep interest rates higher for longer to keep inflation at bay.
Read more at Reuters.com Hot Stocks News
Japanese government bonds buckled under the strain after U.S. Treasury yields of all maturities rose above 5 percent for the first time since last July. Investors are betting the Federal Reserve would keep interest rates higher for longer to keep inflation at bay.
Read more at Reuters.com Hot Stocks News
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