STOCKS NEWS ASIA-Interest rate worries hit markets
HONG KONG, June 13 (Reuters) - Asian stocks fell on Wednesday after another jump in U.S. bond yields raised fuelled worries that higher long-term credit costs will hurt corporate profits in the world’s biggest economy, Asia’s top export market.
Expectations of a rebound the U.S. economy and that interest rates in Australia, China and Britain are set to rise following hikes in Europe and New Zealand last week have driven global bond yields higher.
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Important Note :
The market could see a correction today as triple witching day is tomorrow and investors will be cautious. Concerns about interest rates are again hitting U.S. markets and that’s also likely to have an impact,” said Lee Woo-hyun, an analyst at Kyobo Securities.
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