Asia Stocks Slammed On US Dips

Stocks in Asia are primed for declines Wednesday after US shares fell and Treasury yields rose on growing unease that relaxing pandemic measures in China would add further inflation to the global economy.

Equity futures in Japan, Taiwan and Singapore fell. The S&P 500 dropped 0.4% on thin volumes in a decline led by tech stocks. The 10-year Treasury benchmark yield jumped 9 basis points and its Australian counterpart soared 16 basis points in early Asian trading.

Source: Bloomberg