Asian shares stumble as US yields advance, dollar buoyant

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/file photo

  • Asia shares extend risk-off for second day, dollar holds gains
  • BOE’s rate decision, Apple, Amazon results on Thursday
  • 10-yr, 30-year Treasury yields hit new 9-month highs

SYDNEY, Aug 3 (Reuters) – Asian shares stumbled on Thursday as U.S. bonds yields hit nine-month peaks and pushed the dollar higher, while investors waited anxiously to see if results from Apple and Amazon justified the tech sector’s sky-high valuations.

Europe looked set for a subdued opening, with EUROSTOXX 50 futures 0.1% lower and FTSE futures up 0.2%. The Bank of England is expected to raise interest rates later in the day.

Both S&P 500 futures and Nasdaq futures were flat, following a wave of selling on Wall Street overnight as investors took profits on five months of gains a day after rating agency Fitch cut the U.S….

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