Asia stocks fall, bond yields spike on inflation fears, Micron Technology drops 8% after-hours

From Yahoo Finance: 2024-06-26 22:21:00

Asian shares fell and bond yields spiked on inflation nerves, while the yen slid past 160-per-dollar. The dollar hit six-week highs and Nasdaq futures dropped 0.5%. Micron Technology slid 8% in U.S. after-hours trade. Australia’s stock market was hit by rate sensitive stocks following surprise inflation jump. Australian three-year government bond yields leapt 18 basis points. Swaps markets show 40% chance of rate hikes in Australia. U.S. GDP, European confidence figures, and Fed’s U.S. inflation measure awaited. The yen, worst performing G10 currency, fragile at 171.57 per euro and 160.7 per dollar. Brent crude futures fell 0.4% to $84.92.



Read more at Yahoo Finance: Asia stocks down, yen slump keeps markets on intervention alert