Asia shares at one-...

Asia shares at one-month lows as sell-off extends on inflation anxiety

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Asia shares at one-month lows as sell-off extends on inflation anxiety



Asian shares fell for เคล็ดลับปั่น SLOTXO ให้ได้กำไรทุกเกม a second straight session on Wednesday to one-month lows as investors speculated surging commodity prices and growing inflationary pressure in the United States could lead to earlier rate hikes and higher bond yields globally.


MSCI's broadest index of Asia-Pacific shares outside Japan faltered 0.5per cent, after tumbling 1.6per cent on Tuesday for its biggest daily percentage drop since March 24.


"There isn't a clear catalyst behind this purge," said Marios Hadjikyriacos, investment analyst for XM.


"It seems to be a combination of inflation fears making a comeback and some market participants moving higher along the value spectrum, cutting their exposure to anything with a stretched valuation."


At 682 points, the regional index is not too far from a record high of 745.89 touched in February and is still up 3per cent this year so far, on top of a 19per cent jump in 2020 and a near 16per cent rise in 2019.


Shares in China opened in the red, with the blue-chip index off 0.2per cent.


Australian stocks slipped 0.6per cent while South Korea's KOSPI index skidded 0.7per cent. Japan's Nikkei reversed early gains to be down 0.4per cent.


Analysts, however, doubted the sell-off would extend much further in a world of easy accommodative policy and fiscal largesse.


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