Asian stocks slide, bond yields depressed as recession worries weigh
newscatcher
2023-04-10 17:31
Asian stocks slide, bond yields depressed as recession worries weigh
TOKYO Asian stocks and US equity futures sank on Thursday while bonds and the safe-haven US dollar and Japanese yen were bid as mounting evidence of a US slowdown fuelled worries for a global recession. Investors were inclined to take money off the table after recent strong gains, and with many global markets off on Good Friday, when potentially pivotal US monthly payrolls data is due. Chinese blue chips eased 0.27%. Hong Kong's Hang Seng was about flat, but tech shares on the index dropped 0.

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