Asia stocks ease, bonds brace for US data test

World

An air of geopolitical mystery was added by news the U.S air force had shot down a flying object near the Canadian border, the fourth object downed this month.

Reuters

February 13, 2023 / 06:10 AM IST

Asian Markets

Asian Markets

Asian shares slipped on Monday as investors hunkered down for U.S. inflation and retail sales data that could jolt the outlook for interest rates globally, while tempering or accelerating the recent spike in bond yields.

An air of geopolitical mystery was added by news the U.S air force had shot down a flying object near the Canadian border, the fourth object downed this month.

Officials declined to say whether it resembled the large white Chinese balloon that was shot down earlier this month.

In any case, it provided an extra excuse for caution and MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1%, after losing 2.2% last week.

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