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[Markets]
Asian stocks step back from record highs on rising bond yields, weak U.S. data
Asian stocks pulled back from all-time peaks on Friday as higher longer-dated bond yields and underwhelming U.S. data dented investor confidence in a faster economic recovery from the COVID-19 pandemic, while gold hit a seven-month trough. MSCI's broadest index of Asia Pacific shares outside of Japan was last down 0.1% at 733.67 from a record high of 745.89 touched on Thursday. Since the start of the year, the index has surged nearly 10.5% largely led by easy monetary and fiscal policies around the world.
Published:2/18/2021 10:25:34 PM
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