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Stock market today: Asian markets slip as rising yields in the bond market pressure stocks
Shares have fallen in Asia after a retreat on Wall Street as the vise tightened from rising yields in the bond market
HONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields.
U.S. futures rose slightly, and oil prices gained.
China’s consumer prices in September remained flat compared to the same period last year, the National Bureau of Statistics reported on Friday, indicating persistent deflationary pressures and weak domestic demand.
Meanwhile, China’s producer price index, which measures prices that factories charge wholesalers for their products, declined for the 12th straight month.