(Bloomberg) Asian stocks rebounded after U.S. shares rallied with Treasury yields as investors saw the market reaction to Italy’s political turmoil as overdone. The dollar held losses and oil stabilized following gains. The MSCI Asia Pacific Index of stocks bounced after touching its lowest level since February Wednesday amid heightened fears Italy could leave the euro. Financial shares advanced, boosted by U.S. 10-year yields back above 2.84 percent. Energy shares paced gains as West Texas crude surged above $68 a barrel.
Asia Stocks Rebound as Italy Woes Abate; Yen Gains: Markets Wrap
This entry was posted in Syndicated. Bookmark the permalink.
