Asian shares slid and the dollar rose on Monday as investors hunkered down for U.S. inflation data that could jolt the outlook for interest rates globally, while accelerating or reversing the recent spike in bond yields.
An air of geopolitical mystery was added by news the U.S air force had shot down an airborne object near the Canadian border, the fourth object downed this month.
Officials declined to say whether it resembled the large white Chinese balloon that was shot down earlier this month.
In any case, it provided an extra excuse for caution and MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) shed 0.7%, after losing 2.2% last week.
Japan’s Nikkei (.N225) fell 1.0%, and South Korea (.KS11) 0.7%. Chinese blue chips (.CSI300) nudged up 0.6% aided by strong data on bank lending.
EUROSTOXX 50 futures were down 0.1%, while FTSE futures stayed flat. S&P 500 futures were off 0.4%, while Nasdaq futures eased 0.5%.
This report’s information was first seen on REUTERS; to read more, click this link.
