Asian shares fell this week, with the regional benchmark halting a two-week gain and Japan’s Topix index capping its worst week since June, as technology shares sank amid a global rout and the yen strengthened.
Asia’s benchmark stock index fell from an almost three-month high amid a renewed selloff of technology shares and as a gain in the yen yesterday dragged Japan’s Topix index to its worst week since June.
China’s short-term bond yields are sliding at the fastest pace in five years as speculation builds that monetary policy will be loosened to combat what Premier Li Keqiang says are “difficulties and risks” for the economy.
The Australian dollar’s implied volatility may rise along with that for the euro and New Zealand’s kiwi because the Federal Reserve’s interest-rate guidance lacked clarity, Commonwealth Bank of Australia said.
Greece’s government bonds led gains among Europe’s higher-yielding sovereign securities as optimism that the country is set to sell coupon-bearing debt for the first time in four years boosted demand for its assets.
Zambia’s kwacha weakened for a fourth day, the world’s worst performer after Ukraine’s hryvnia, as dollar supplies in Africa’s second-biggest copper producer dried up and the price of the metal stayed near a 44-month low.