Global marketsUpdated 12h ago

Asian stocks rise for a third day as regional bonds slump

Asian stocks have now climbed for a third straight day. Bloomberg said they rose as optimism around AI persisted, while Asharq Business cited strong CoreWeave results as support. The move is not shared across markets: Bloomberg reported regional bonds slumped as hotter-than-expected US inflation strengthened the case for a Federal Reserve rate increase. Asharq Business said yields jumped as markets anticipated a hike in December. The equity rebound is continuing alongside a clear setback in bonds.

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