Asian equities hold ground as Japan bond jitters ease; Wall Street up in early trade
Spillover from Japan’s debt market moves appear limited as regional investors turn to policy signals from Davos
Add BT as a preferred source
[SINGAPORE] Asian equity markets remained on a stable footing on Wednesday (Jan 21), with most regional indices holding on to their year-to-date gains, as the sell-off in long-term Japanese government bonds eased after the previous day’s spike.
In Asia, analysts expect spillover effects from the recent slump in the world’s third-largest debt market to be “limited”, noting that most Japanese government debt is held domestically and that intervention by local banks is likely.
Later on Wednesday, investor focus shifted to US markets as President Donald Trump addressed the World Economic Forum in Davos, Switzerland.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million
