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Asian stocks weather bond storm, oil retreats slightly
SYDNEY: Asian shares held their nerve on Friday as a relentless bond selloff pushed longer dated US yields to two-decade highs, raising borrowing costs worldwide and threatening lofty equity valuations. The return of oil above $100 a barrel, with Brent crude near $105, has revived inflation fears, bolstering bets on multiple Federal Reserve rate hikes after its first move in more than three years and putting the dollar on track for a 1% weekly gain. Chinese President Xi Jinping is in Washington for talks with President Donald Trump, though beneath the fanfare there has been scant evidence of...
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